Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
ERC Director General Eng Kaburu Mwirichia. Photo/COURTESY

Kenya

ERC sets up energy data portal

ERC Director General Eng Kaburu Mwirichia. Photo/COURTESY

ERC Director General Eng Kaburu Mwirichia. Photo/COURTESY

NAIROBI Kenya, Jul 9 – The Energy Regulatory Commission has launched the country’s first energy portal to provide energy information to persons interested in investing in the energy sector.

Speaking during the launch on Tuesday, Energy Regulatory Commission Director General Kaburu Mwirichia said it will reduce the time spent by investors seeking to venture into Kenya’s renewable energy sub-sector.

“The energy portal is expected to reduce the time delays occasioned by barriers and bureaucracies that have impeded new investments by up to 50 percent over the next one year,” he said.

Mwirichia noted that the portal will provide simple access to relevant information about administrative entry requirements and procedures for operating a power plant based on renewable energy.

The portal is set to trigger more private investment in reliable and environmentally responsible energy products.

It will also create a more competitive environment for the private sector to thrive by privatizing traditional sources and suppliers of energy.

“They (investors) will also access the relevant market information that includes sources of financing, energy and capacity demand as well as location of renewable energy resources,” he stated.

Mwirichia revealed that the portal is designed to be a one-stop-shop aimed at reducing the time and costs of developing renewable energy projects.

The new energy portal will provide guidance for permitting any type of renewable energy project from a 100MW wind farm to an off-grid solar home system.

“It will walk you through the permits and licenses needed and provide details guidance on exactly what information is needed to successfully apply for each,” he emphasized.

Advertisement. Scroll to continue reading.

The director also noted that the country had huge potential and sufficient renewable energy resources to enhance energy security, lower cost of energy and increase reliability.

“This can also be used to generate income and create employment,” he noted.

“The country will also make substantial foreign exchange savings by reducing dependence on imported fuels and its attendant price volatility and mitigate climate change.”

In Kenya, renewable energy generated electricity from hydropower, geothermal, wind and cogeneration contributes about 70 percent of the overall power mix while the balance is generated from non-renewable energy sources.

The portal also aims to; improve transparency on the regulatory and licensing processes, enhance coordination between government agencies that issue approvals, licenses and permits and reduce licensing transaction costs and time.

It will also improve the overall understanding of the policy, legal and institutional framework governing power projects.

To access information about energy, one will be required to visit the portal site at www.renewableenergy.go.ke.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...