Economics

Kenya to Spend Up to $15 Billion Expanding Power Network

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Kenya plans to spend as much as $15 billion boosting electricity production fourfold over the next 40 months to help accelerate growth in East Africa’s biggest economy, Energy Minister Davis Chirchir said.

The country plans to produce an additional 5,500 megawatts, mostly from coal, gas and geothermal sources, by 2017, Chirchir said in an interview yesterday in the capital, Nairobi. Added to existing capacity of 1,700 megawatts, that would bring total output to 7,200 megawatts, he said.