SH9.5 BILLION FUNDING

Stable power supply key for investment

In Summary
  • Lately, the country has experienced frequent national blackouts that have left key facilities like the Jomo Kenyatta International Airport in darkness.
  • The power supply issue must be addressed if Kenya is to realise its industrialisation dream.
Kenya Power and Kenya Electricity Transmission Company workers repair a broken electricity pylon at Longonot.
Kenya Power and Kenya Electricity Transmission Company workers repair a broken electricity pylon at Longonot.
Image: File

One of the major production factors is a reliable source of energy, be it for big plants or small and medium enterprises.

Kenya has made several strides in putting in place various drivers for investment but more still has to be done to ensure that the country's electricity supply is reliable and affordable.

However lately, the country has experienced frequent national blackouts that have left key facilities like the Jomo Kenyatta International Airport in darkness. These have also hurt domestic users and businesses.

This leads to increased cost of production as industries are forced to resort to expensive but not environmentally friendly fuel energy.

Kenya Power has blamed this on an old network which can no longer cope with the increased load and demand.

It is therefore gratifying to hear that the power retailer has received Sh9.5 billion funding from the African Development Bank and the United Kingdom. The amount will go towards improving the national grid.

With the support complimenting the government's ongoing effort to address the reliability and quality of power supply, there is hope that power supply will be more stable.

The funds must be well utilised and should not be used to buy substandard equipment or engage cowboy contractors whose only interest is profiteering.

The power supply issue must be addressed if Kenya is to realise its industrialisation dream.

Quote of the Day: "It's a poor sort of memory that only works backwards."

Lewis Carroll

The English author was born on January 27, 1832

WATCH: The latest videos from the Star