Kenya Power Signs Power Purchase Agreement with Ethiopia
Kenya Power Company has signed a Power Purchase Agreement with Ethiopian Electric Power to actualize power trade from November 1.
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The agreement was signed by the company’s acting managing Director Geoffrey Muli and Ethiopian Electric Power Chief Executive Officer Ashebir Balcha at Stima Plaza on Thursday.
The agreed tariff will see Kenyans enjoy clean, reliable, and affordable power.
EEP will be the second largest power supplier to Kenya Power after the KenGen Hydros Eastern Cascade, with a contracted 600MW capacity.
According to the firm, “in the first three years, Kenya will get a maximum firm capacity of 200 megawatts(MW) and thereafter a maximum firm capacity of 400 MW for the remainder of the 25-year PPA.”
MTO/AllAfrica
