Lamu coal plant to cost power users Sh37bn yearly

Lamu residents protest against plans to build coal plant in 2016. FILE PHOTO | NMG

Electricity consumers will pay a fixed charge of Sh37 billion per year through their bills towards Lamu coal-fired power plant, irrespective of whether it generates power or not.

The Treasury’s latest budget policy statement indicates that $360 million (Sh37 billion) will be paid yearly to the developers, Amu Power Company, as “annual fixed capacity payments”.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.