Kenya Moves to Stabilize Electricity Costs by Shifting Power Deals to Kenyan Shillings
Kenya’s National Assembly Committee has proposed a major shift in how the country manages electricity pricing by recommending that future Power Purchasing Agreements (PPAs) be denominated in Kenyan Shillings instead of foreign currencies. The recommendation aims to tackle rising electricity costs, which are heavily influenced by exchange rate fluctuations. Led by Mwala MP Vincent Musyoka,…