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ERC to monitor cost of 5,400mw project

ENERGY Regulatory Commission will scrutinise all funding options for the ambitious mega-billion 5,000 plus megawatt project to ensure their cost will not push up the cost of electricity. Director general Fredrick Nyang said hundreds of billions to be spend in adding 5,400MW of electricity on the national grid by December 2016 should be acquired at affordable rates. Kenya Power and Kenya Electricity Generating Company have announced plans to separately mobilise Sh631.75 billion to realise the project that runs from September 2013 to December 2016, according to energy cabinet secretary Davis...

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