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The National Assembly Departmental Committee on Energy chaired by Hon. Vincent Musyoka (Mwala) has disapproved of the punitive Power Purchase Agreements (PPAs) signed by Kenya Power Company (KPC) and Independent Power Producers (IPPs).
During a meeting with the KPC and IPPs Hon. Musyoka said KenyanΒ cannot continueΒ paying expensive power when affordable power is available "We can't get into other Take or Pay agreements. This Committee will not allow the purchase of expensive power from some IPPs when we have affordable power," said Hon. Musyoka.
In response to the Committee's concerns, the Chairman, Kopere Limited, Mr. James Kimonye affirmed the willingness by IPPs to engage in renegotiations on condition that contractual periods are extended.
Mr. Kimonye told theΒ Members that despite his company having offered to supply power to KPC at Kshs.10 per KWH, he is yet to be licenced yet other companies that were registered later with a higher rates of Kshs.13 were licenced and are in operation.
The IPPs who attended the meeting include;Β Selenkei Investment Limited, Kopere Solar Park Limited, Chania Green Limited and REgen - Terem SHPP Limited.