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Kenya: Energy stabilisation fund talks under way
Kenya is looking to take advantage of the current high levels of hydropower production to set up an energy stabilisation fund to make electricity prices more predictable for consumers. Energy principal secretary Joseph Njoroge told African Energy the ministry had finally opened talks with the Treasury to establish the fund, which was first announced in late 2017.Designed as a hedging instrument, the fund aims to cushion Kenyan consumers against price volatility caused by the use of more expensive diesel-fired generation to supplement hydropower during periods of drought.
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