Kenya Cuts Power Tariffs for State-Owned Solar Farm by Half
- New charge 5.49 cents/kWh from 12 cents signed earlier
- Project funded through $135.7 million China concessional loan
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Kenya slashed its fixed-price purchase contract for a state-owned 50-megawatt solar plant by half because the project was financed using concessional funds, Energy Regulatory Commission Director-General Pavel Oimeke said.
The East African nation, which has an electricity supply deficit, is boosting production from renewable sources including wind and geothermal as it cuts reliance on expensive diesel-powered plants.