The cost of living in Kenya has gone up for the seventh consecutive month as prices of essential commodities rose at a time when most consumers are struggling. According to local media reports, Year-on-year inflation or the overall rise in the prices of goods and services reached 5.78% last month compared to 5.69% in January. […]
Cost of living rises to seven-month high
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Fuel inflation hits two-year high on higher crude price
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THE STANDARD By
Macharia Kamau |
March 1st 2021 at 10:22:35 GMT +0300
Ketraco Chairperson James Rege (Second Right) visits power plant station in Migori County (PHOTO: Caleb Kingwara)
Thermal power plants are losing their shine in the country’s energy sector mix due to various factors, including investments in geothermal sources and favourable weather patterns.
The investment in cheaper sources of energy has started to bear fruit, and the rains have led to an increase in power generation from hydropower plants.
While the power generated from costly and environmentally destructive plants has drastically reduced, coupled with the reduction in fuel costs, Kenyans will continue to bear the huge costs associated with these plants for years as some contracts will take long to lapse.