Kenyans may from early next year be able to enjoy cheaper power from independent solar producers once an auctioning policy that would cut the cost at which Kenya Power #ticker:KPLC buys electricity from PV firms by half.
Dr Ken Tarus, the utility firm’s managing director and CEO, said on Tuesday that he expected the cost at which it buys power from solar firms in the country will fall to about $0.06 (about Sh6) per kilowatt-hour from the current high of $0.12 (about Sh12) per kilowatt-hour.
