By GORDON ABUJA
The presidential task force formed in March to review Power Purchase Agreements (PPAs) has a mandate to among others, scrutinise the deals entered into by the Kenya Power and review the suitability and viability of all independent electricity generation projects that have been proposed, under implementation or in operation.
Over the past two decades, Kenya Power has entered into several risk-bearing PPAs with Independent Power Producers (IPPs) hence the logic for a review. Moreover, the PPAs were entered at different times and stages of the power sector development. Some PPAs had onerous terms and clauses that did not address the present risks in power generation. Read More
