Power producer KenGen’s #ticker:KEGN bid to sell electricity directly to large customers has met strong headwinds after the energy sector regulator said the State-owned firm cannot enter the retail market as it would amount to a conflict of interest.
The Energy Regulatory Commission (ERC), which must approve any such moves, on Wednesday said electricity distribution would remain Kenya Power’s #ticker:KPLC mandate while KenGen will stick to generation and related activities.
