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Kenya’s utilities sector is expanding as an outcome of the growing demand for energy and water resulting from the rapid urban and industrial expansion, a fast-growing population, and a change in modern lifestyle.
Over the years, due to the robust economic growth, rising population, increasing middle class and continuing government investment in infrastructure projects, Kenya’s power and water demand has witnessed a rapid growth.
This has led to ambitious programmes to cater for the fast- growing demand for utilities, providing a host of opportunities for private and market sector investors alike.
The Kenya Government’s ambitious Big Four Agenda relies greatly on Energy and water as enablers for its delivery.
The 4th Water, Electricity and Renewable Energy Expo (Wepex 2019) is a 3-day event that has been organized to offer a wealth of opportunity, information crucial for on-going growth within the Water, renewable Energy Sectors, slated for 2nd Thursday April, 2019.
Over 9 countries are expected to participate showcasing their latest technologies, machinery and equipment.
Kenya is in the process of modernizing its Energy frame work which has guided the exploration and production through the establishment of Petroleum Act 2019.
The piece of legislation that has been updated will govern the production, contracting and exploring of petroleum resources in Kenya, even including natural gas and crude oil.
The approval into the law of Energy Bill2017 as well as petroleum Bill2017(‘The Acts”) by the President Uhuru Kenyatta, on the 12th of March was a new chapter for Kenya’s energy sector heralds, which aims at modernizing the legal framework of the energy sector in Kenya, introducing a raft of amendments to Kenya’s ageing energy legislative framework with also keeping a view abreast with the evolving scheme (“EOPS”), expecting that the Acts will reinvigorate investors to participate in Kenya’s nascent oil industry due to increased certainty with respect to Kenya’s legislative regime.
Under the Energy Act2017 three institutions are established that will be tasked with regulating and managing Kenya’s energy resources, being the Energy and petroleum Regulatory Authority (“EPRA”), the Rural Electrification and Renewable Energy Corporation (“REREC”) and the Nuclear Power and Energy Agency (“NPEA”).
Provided by the energy Act2019, the EPRA will be mandatory along with the regulation of Kenyan’s electricity value chain with a specific focus on distribution, transmission, generation and supply segments of the electricity value chain.
In addition, the EPRA will similarly be tasked with regulating the important, transportation, exportation, refinement, importation, storage and sales of petroleum and attendant petroleum products an exception being crude oil.
As currently spearheaded by Kenya Electricity Transmission Company Limited (KETRACO”) under the guidance of Rural Electrification Authority (“REA”)
REREC, on the other hand will be mandated with providing oversight with respect to Kenya’s Rural Electrification Programme under the guidance of the Rural Electrification Authority (“REA”).REREC will be at the helm of Kenya’s renewable energy agenda, therefore REREC is to be mandated, inter alia, which will ensure that Kenya’s mix of energy shall comprise of a significant portion of renewable energy sources, in line with the Paris accord.
It is worthwhile to note that there is significant progress being made on the front, with 65% of Kenya’s energy mix is coming from renewable sources.
In a similar way, the task is been given to the NPEA to assist with the successful attainment of the nuclear power ambitions of Kenya. Pioneered by the NPEA it is expected to introduce and implement sound policies under the nuclear power programme.