Sugar miller Mumias #ticker:MSC wants to double the price at which it sells electricity to Kenya Power #ticker:KPLC, a move that would raise the cost of energy from its cane-based plant to match that of solar producers. The miller, which currently sells power to the electricity distributor at Sh6.1 per kilowatt-hour (kWh), is seeking to raise it to Sh12.2 per unit in three years.
“The company is successfully negotiating an increase in electricity selling price from the current $0.06 (Sh6.1) to $0.12 (Sh12.2) per kilowatt-hour in 2020,” Mumias says in its latest annual report.
