Kenya's energy regulation agency said today that the country will increase its efforts in improving its investment climate. The energy regulator said that this was driven by newly installed power capacitor which the country aims to increase. Currently, the power capacity provides 1700 Megawatts.
Kaburu Mwirichia, director general of the Energy Regulatory Commission said in a press conference that the reason behind the slow growth of the country's energy was the lack of information. He said that the private sector are clueless on the current status of the energy sector.
"Kenya will therefore implement policies that will trigger more private sector investment in reliable and environmentally friendly energy sources," Mwirichia said during the launch of a renewable energy portal," he said in the conference held in Nairobi.
The portal's development and implementation was assisted by the World Bank Group's Investment Advisory Services unit. It will act as an accessible agency for licensing and regulatory services on renewable energy projects planned or in development in Kenya.
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