Kenya Power Report Q4 2014 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Nov 21 2014

Kenya's power sector is set to change dramatically over the forecast period to 2023, with hydropower to lose its dominant share of the power mix. The country is investing heavily in wind power and solar, and a number of coal-fired and gas-fired facilities are due to come online this decade. Meanwhile, consumption is set to rise dramatically as both the population and the economy grow.

Key Trends And Developments

* The price of electricity rose rapidly in Q214 as failed rains forced the Kenya Electricity Generating Company (KenGen) to switch from hydro to diesel in order to generate electricity. The company has also announced an end to its subsidy for new connections because of the high cost of connecting rural areas. Both these developments will constrain consumption in the short term. However, KenGen has forecast a sharp reduction in the cost of electricity after the 280MW Olkaria geothermal power plant comes online at the end of 2014.
* Development of renewable energy is proceeding apace. Construction of the 300MW Lake Turkana Wind Power Project began in June after KenGen secured a EUR623m commercial loan; the first 100MW will be connected to the grid in 2017. In September, KenGen also announced it will increase power output at its Ngong wind power farm by 400% to 25.5MW, following the construction of 24 new turbines to be commissioned in October. Meanwhile, solar will enjoy a boost after the government scrapped VAT on imported solar products in June.
* Plans to develop a nuclear capacity have taken a step forward after the Kenya Nuclear Electricity Board tendered a contract for a technical evaluation of the electric grid requirements to support a proposed nuclear power plant, which the government hopes to come online early next decade.
* The government is taking forward plans to increase electrification to 70% of the population by 2019, up from 32% at present. In August, the Africa Development Bank awarded Kenya Power USD150mn loan to...

Full Report Details at

The Kenya Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Kenya Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

* Use BMI's independent industry forecasts for Kenya to test other views - a key input for successful budgeting and strategic planning in the power market.

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