POWERGLOBE develops “Powerboat” facility in Mombasa port

Doha – Tuesday, March 19th: His Excellency Paddy C. Ahenda (Ambassador of the Republic of Kenya in Doha) and Mr. Washington A. Oloo (Deputy Head of Mission & Head of Chancery) met Dr. Theodore Theodoropoulos (CEO of POWERGLOBE QATAR) in order to discuss the process of developing ”powerboat” project in Mombasa Port in Kenya. The meeting was about the energy sector in Kenya, including power, electricity and NG industries, as Kenya becomes a priority destination for global developments and energy projects, based on its sustainable economic and political growth. Energy in Kenya describes energy and electricity production, consumption, import and export in Kenya. Kenya’s current effective installed (grid connected) electricity capacity is 2,299 MW as at March 2015. Electricity supply is predominantly sourced from hydro and fossil fuel (thermal) sources.

His Excellency, Paddy C. Ahenda (Ambassador), Mr. Washington A. Oloo and Dr. Theodore Theodoropoulos

His Excellency, Paddy C. Ahenda and Dr. Theodore agreed that the energy sector in Kenya is largely dominated by petroleum and electricity, with wood fuel providing the basic energy needs of the rural communities, urban poor, and the informal sector. POWERGLOBE’s analysis shows heavy dependency on wood fuel and other biomass that account for 68% of the total energy consumption (petroleum 22%, electricity 9%, others account for 1%). ”Electricity access in Kenya is low despite the government’s ambitious target to increase electricity connectivity from the current 15% to at least 65% by the year 2022”, Dr. Theodore said.

Just until recently the country lacked significant domestic reserves of fossil fuel. The country has over the years had to import substantial amounts of crude oil and natural gas. This might change with the discovery of oil reserves in Kenya, which relied on oil imports to meet about 42 percent of its energy needs in 2010. As of the end of June 2016, 55% of Kenyans were connected to the National grid, which is one of the highest connection rates in Sub-Saharan Africa.Per capita consumption in domestic households however, remains low.

”Innovative approaches to off-grid electrification are helping to make up for the lack of grid-based rural electrification and the role of renewable energy will be critical in the near future, solar energy the most”, His Excellency, Paddy C. Ahenda stated. Additionally, ”the recent economic performance and growth across Kenya attracts major energy developments and infrastructure facilities” Mr. Washington A. Oloo (Deputy Head of Mission & Head of Chancery) said. 

About Economy in Kenya

Kenya’s economy is market-based with a few state-owned infrastructure enterprises and maintains a liberalised external trade system. The country is generally perceived as Eastern Africa’s hub for Financial, Communication and Transportation services. Major industries include: agriculture, forestry and fishing, mining and minerals, industrial manufacturing, energy, tourism and financial services. As of 2019 estimates, Kenya had a GDP of $98.264 billion making it the 65th largest economy in the world. Per capita GDP was estimated at $1,991.

The government of Kenya is generally investment friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya’s foreign inflows are remittances by non-resident Kenyans who work in the US, Middle East, Europe and Asia. Compared to its neighbours, Kenya has well-developed social and physical infrastructure. As of September 2018, economic prospects were positive with above 6% GDP growth expected, largely because of expansions in telecommunications, transport, construction and a recovery in agriculture. These improvements are supported by a large pool of English-speaking professional workers. There is a high level of computer literacy, especially among the youth. In 2018 Kenya ranked 61st in the World Bank ease of doing business rating, up from 80th in 2017 (of 190 countries).

The project execution is at the final stage of development.

Sources: QGN, Qatar Media Agency, Energy News, QTTC News, PG News