How much is the subsidy for Kenyan energy storage projects
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FAQs 3
Who is the implementing agency for the Kenyan battery energy storage system?
The Kenya Electricity Generating Company PLC (KenGen), has been designated to be the Implementing Agency for the Kenyan Battery Energy Storage System (BESS), which is part of the Kenya Green and Resilient Expansion of Energy (GREEN) program, funded by the World Bank.
Could Kenya run out of funds to subsidise fuel costs?
In June, the finance ministry said Kenya could run out of funds to subsidise fuel costs if prices kept rising, pushing public debt to unsustainable levels. “The current government is between a rock and a hard place,” Aly-Khan Satchu, an economic analyst and the CEO of investment adviser Rich Management, said.
Will Kenya achieve Vision 2030?
The project is part of the government’s commitment to providing universal access to electricity in Kenya by 2030, universal access to modern energy services for cooking by 2028 as well as the impetus for growth in achieving Vision 2030.
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