The EV charging business is certainly going to be gamechanger for KenGen and Kenya Power on the revenue side. First of all, they will already have anchor clients with their own fleets! Utility companies own thousands of vehicles, and electrifying those will also cut down their massive petrol and diesel bills.
Electricity demand in East Africa is projected to triple by 2030. Investment in renewable technologies will be essential to the strategic diversification of the energy sources needed to meet this demand, and renewable energy in Kenya is poised to expand exponentially over the next decade.
Electricity produced by geothermal plants in Kenya has reduced other fuel costs by about $24 million a month.
GE and Kenya announcing development of a 150 MW wind power project highlights the multiple benefits of making renewable energy a pillar of economic development.
