Kenya Power has Wednesday received 26.2 billion shillings from the World Bank to finance subsidized electricity connection for more Kenyans under phase two of the Last Mile Connectivity Project.
Acting Energy Cabinet Secretary Henry Rotich says the money lessens Kenya Power’s reliance on government subsidies for electricity connection.
Kenyans have been subjected to changing electricity connection fees resulting from financing challenges faced by Kenya Power in its efforts to heed government directives to lower connection fees.
The launch of the Kenya Electricity Modernization Project which has received 26.2 billion shs from the World Bank is expected to enable see more Kenyans under phase two of the last mile connectivity secure electricity connection at a fee of 15,000 shillings.
The fund is expected to also finance the implementation of a smart metering solution for over 6,000 large scale customers and over 40,000 medium scale businesses to eliminate the need for regular meter reading in a process that is expected to enhance Kenya Power’s revenue.
Energy Principal Secretary Eng. Joseph Njoroge says the Kenya Electricity Modernization Project would be channeled through the government.
The fund is expected to provide the needed capital to accelerate the universal access of electricity to all Kenyans by the year 2020, which is ten years earlier than had been projected under the Vision 2030 projections.