Breaking News: KenGen CEO Announces Drop in Electricity Prices.
Breaking News: KenGen CEO Announces Drop in Electricity Prices: Kenya Electricity Generating Company (KenGen) Chief Executive Officer Peter Njenga has promised Kenyans cheaper electricity prices after a surplus supply of hydropower.
In a statement on Monday, Njenga revealed that the power generation increased following improved water levels at the country’s main dams in the Seven Forks Cascade
He stated,”We are happy to report that we are receiving very good inflows from the Mount Kenya and Aberdares catchment areas which has led to high water levels at our dams.”
He added, “This will see Kenyans reap the full benefit of cheaper electricity.”
For instance, Masinga Dam, which is the largest in Kenya, hit near maximum levels of 1,056 meters above sea level (mASL).
In a just a day, the power station recorded a peak output of more than 471MW which, the company noted, will go a long way in stabilizing grid-scale electricity costs.
This comes a month after The Energy and Petroleum Regulatory Authority (EPRA) increased the cost per unit by 8.7 per cent citing the weakening shilling against the dollar.
This means that Kenyans were being charged Ksh3.98 per unit, but in January the price increased to Ksh4.33 per unit.
Notably, Njenga assured Kenyans, especially those living downstream of the five dams, to calm down because there won’t be any water spilling downriver any time soon.
He stated,“Despite getting close to the maximum water levels at the Masinga Dam which is our biggest, we have not reached spilling level thanks to a robust water management program being implemented by our engineers. We however remain vigilant and will issue an alert should we envision a potential water overflow from the large dams.”
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