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.
High bills persist as reliance on costly power plants drops standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
KenGen earnings down 38pc, Kenya Power s fall 80pc
Friday February 26 2021
By CONSTANT MUNDA
Summary
KenGen, which is 70 percent owned by the State, announced on Thursday profit dropped to Sh5.06 billion from Sh8.17 billion a year earlier.
On the other hand, Kenya Power the biggest buyer of electricity from KenGen reported a drop of 80.06 percent in profit for the same period to Sh138 million, citing depressed demand for power amid Covid-19 knocks on economic activity.
Earnings from electricity sales amounted to Sh69.01 billion in the period, the near-monopoly power distributor said, a marginal 0.85 percent drop compared with June-December 2019 period.
Kenya Electricity Generating Company #ticker:KEGN (KenGen) net profit for the half-year period ended December 2020 fell 38.13 percent on the back of lower earnings from thermal power generation and absence of tax savings.
THE STANDARD By
Josphat Thiong’o |
February 9th 2021 at 00:00:00 GMT +0300
Recyclable alcohol bottles,plastic bottles and beauty products on 10th March 2020 at Dandora Dumpsite,in Nairobi. [Edward Kiplimo,Standard]
Plans to construct a recycling plant at the Dandora dumpsite have been put on hold to allow a feasibility study to be conducted.
Kenya Electricity Generating Company (KenGen) yesterday announced that it had contracted an independent consultant to conduct the study to determine the practicality and sustainability of setting up a plant at the county’s official dumpsite.
In a statement released yesterday, the power producer said the feasibility study is expected to start this month and run over a period of six months, after which the tendering process for the project would begin.