Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Ruto acknowledged the United States Trade and Development Re-opening Agreement portfolio in Kenya is about to become the largest in the sub-region/DPPS

Energy

Kenya receives Sh0.7bn grants for energy sector

Ruto acknowledged the United States Trade and Development Re-opening Agreement portfolio in Kenya is about to become the largest in the sub-region/DPPS

Ruto acknowledged the United States Trade and Development Re-opening Agreement portfolio in Kenya is about to become the largest in the sub-region/DPPS

NEW YORK, US, Sep 22 – Kenya has received grants amounting to Sh0.7 billion for the energy sector from the US Government.

The agreements were signed in New York and witnessed by Deputy President William Ruto.

Ruto acknowledged the United States Trade and Development Re-opening Agreement portfolio in Kenya is about to become the largest in the sub-region.

He said the agreements in the renewable energy sector resonate directly with President Barack Obama’s legacy Power Africa initiative which, at full implementation, is expected to contribute immensely to the increase and diversification of power generation across the African continent.

He said the Kenya Government was committed to providing affordable and competitive electricity across the entire country within very strict time deadlines.

“Indeed the government has achieved significant progress towards our stated target of increasing power generation capacity in Kenya by 5000 MW between the year 2013 and 2018.”

He said Kenya had doubled the number of citizens connected to the grid from around 13 million to almost 25 million and connected over 14,000 new schools to electricity.

“Over 40 new substations have also been commissioned since our government came to office in 2013, raising power generation by close to 1,000 MW.”

He’s said this had resulted into significant reductions in the cost of power in the country.

“This trend is expected to continue as we seek to exploit the vast geothermal resources in the country and it is our intention that the private sector will continue to be actively involved.”

Advertisement. Scroll to continue reading.

He explained that the focus was to ensure that clean and renewable energy forms a high component in the power generation mix.

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...

Headlines

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

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...

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

Coronavirus

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

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...