• Money & Markets
Friday, July 1, 2022
  • Login
No Result
View All Result
NEWSLETTER
Money & Markets
18 °c
Nairobi
18 ° Fri
18 ° Sat
18 ° Sun
18 ° Mon
  • News
  • Big Read
  • Markets
  • Economy
  • Investing
  • Energy
  • Opinion
  • Africa
  • World
  • News
  • Big Read
  • Markets
  • Economy
  • Investing
  • Energy
  • Opinion
  • Africa
  • World
No Result
View All Result
Money & Markets
No Result
View All Result
Home Energy

Electricity demand hits new record high driven by green energy in the wake of post-COVID-19 Recovery

by Editor
November 29, 2021
in Energy
0 0
0
KenGen to unveil drilling detergent manufacturing factory
0
SHARES
59
VIEWS
Share on FacebookShare on Twitter

The demand for electricity in Kenya hit a new record this week rising to a peak of 2,036MW, the highest ever recorded in history, marking a significant resurgence in demand since the onset of the COVID-19 pandemic in March 2020.

At the same time, the country recorded a new energy gross demand peak of 36,381MWh mostly drawn from renewable energy sources as the economy responds positively to the lifting of some of the COVID-19 related restrictions.

National energy generator, Kenya Electricity Generating Company (KenGen), contributed to the largest jump in renewable energy share with the company scaling up production in its geothermal, hydro and wind power stations to meet the growing demand.

According to a report by the Energy and Petroleum Regulatory Authority (EPRA), the total amount of electricity generated by KenGen through its hydro power stations exceeded the period’s projections by 581MWh, denoting a 5.56% increase. KenGen’s total installed hydro capacity currently stands at 826 MW.

KenGen’s Gitaru, Kindaruma, Kamburu, and Kiambere Power Stations were among the hydro power stations that surpassed the projected power generation output. The stations are part of the Seven Forks cascade which forms a crucial component of KenGen’s power generation infrastructure and about 29% of Kenya’s total installed capacity

Commenting on the report, KenGen Managing Director and CEO, Rebecca Miano said the NSE-listed firm was committed to delivering on its energy generation mandate to meet the country’s growing demand for electricity through renewable energy sources.

“KenGen is committed to ensuring steady and reliable supply of competitively priced energy to support Kenya’s economy. The company is doing this by accelerating deployment of renewable energy sources such as hydro, geothermal, wind and solar.” said Miano.

The KenGen CEO has reiterated the company’s commitment to support the Government of Kenya’s ambition to achieve 100% utilization of renewable energy by the year 2030 as a way of fighting climate change.

“Our future project pipeline is mostly green which includes geothermal, wind, hydro, and solar. The projects will be implemented in phases with the first, 83MW Olkaria I unit 6 expected to be commissioned by end of this year,” she said.

Early this year, KenGen joined United Nations Global Compact (UNGC) Business Ambition for 1.5°C Campaign, saying it is banking its future on green, affordable and accessible energy, including geothermal, hydro, wind, and solar

Tags: electricityGreen EnergyKenGen
Editor

Editor

Next Post
Airtel revises its mobile money tariff guide

Airtel Business partners with Cisco to secure internet for SMEs in Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Latest Articles

  • Mozzart Bet unveils Nandi Road Race sponsorship
  • Shift Towards Domestic Tourism a Game Changer in Post-Covid-19 Recovery
  • Equity Bank has been feted as the Best Bank in Kenya in the 2022
  • Kenya Academy of Sports 2nd International Sports Conference begins in Nairobi
  • Kodris Africa officially unveiled in Kenya as Government adopts new content for teaching coding for schools
  • KCB Shareholders approve Ksh 9.64B  dividend payout.  
  • Safaricom and Visa launch M-PESA GlobalPay Visa Virtual Card
  • Sethna appointed Ogilvy Africa’s Chief Creative Officer
  • Bar Owners urge Parliament to reject proposed increase in Excise Duty on alcohol
  • Pooled Procurement project for pharmacies gets GIZ support

TOP SEARCHES

acquisition AfDB Airtel Banks brexit CBK Central Bank Central Bank of Kenya China COVID-19 dividends energy Equity Bank Equity Group Equity Group Holdings Finserve High Court ICT Imperial Bank Insurance interest rates Jambojet Jumia KCB KDIC KenGen Kenya Kenya Airways KRA M-Pesa MD mKey MPesa NSE Patrick Njoroge profit profits Safaricom Safaricom foundation shareholders shares SMEs StarTimes Tanzania Uhuru Kenyatta




  • Money & Markets

© 2020

No Result
View All Result
  • Money & Markets

© 2020

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In