State-owned Kenya Electricity Generating Company’s #ticker:KENGEN (KenGen) position as the dominant power producer in the country is likely to be clawed back in the near future by new private players who are making multibillion-shilling investments, the Energy and Petroleum Regulatory Authority has said.
In a new report, the regulator says the dominance of KenGen, which had a 1,796.4 megawatt (MW) annual capacity and supplies three quarters of Kenya’s electricity, is being chipped away by new private firms, who are mainly active in the field of renewable and green energy.
