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Updated Overview of the Kenyan Electricity Industry
Frost & Sullivan, July 2010, Pages: 87
Further research on the Kenyan electricity industry was conducted following previous research on this industry by Frost & Sullivan in March 2008 in a research service titled, 'Strategic Analysis of the Kenyan Electricity Industry'. The changes and developments that have occurred in the industry since 2008 were analysed and it was established that the Kenyan Government has implemented massive short and medium term capacity expansion projects in all sectors of the country's electricity industry. This has been done to meet the rising demand for electricity due to high economic growth and to meet Vision 2030's objective of attaining 100% electricity connectivity by 2030.
Research Overview
This Frost & Sullivan research service titled 2010 Updated Overview of the Kenyan Electricity Industry provides revenue and growth forecasts for the Kenyan electricity industry, an analysis of the main equipment suppliers in the country and a comprehensive analysis of ongoing and planned projects in the industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following sectors: power generation, power transmission and power distribution.
Market Overview
Objective of 100 Per Cent Electricity Connectivity by 2030 to Energise the Electricity Indust
The Kenyan electricity industry has entered a phase of rapid expansion. Massive infrastructure development is being conducted in the power generation, transmission and distribution sectors. Strong economic growth, coupled with government-backed plans to achieve 100 per cent electricity connectivity by 2030, is underpinning exciting times for the industry. “There are two important growth drivers in the Kenyan electricity industry,” notes the analyst of this research. “The first is the high economic growth underway in Kenya and second, the Government’s goal of achieving 100% electricity connectivity in the country by 2030.”
Since the inception of Vision 2030 in June 2008 (Kenya’s economic development strategy for achieving and maintaining an economic growth rate of 10 per cent per annum until 2030), the Government has introduced several reforms to revive the country’s key industries like telecommunications, tourism and agriculture. This, in turn, has led to the growth of these industries. “It is imperative that key economic sectors such as these receive FDI in order to experience continued growth,” advises the analyst. “Furthermore, the Kenyan Government should realise that one of the key success factors to achieving this objective is a constant and reliable electricity supply.”
High Electricity Tariffs Pose a Challenge
Although Kenya remains the economic hub of east Africa and is experiencing rapid economic growth, many multinational companies in the manufacturing sector have closed down their operations in the country. They have cited surging production costs as the main reason, with high electricity tariffs being a major contributor to these costs. “Tariffs are an important source of funds for ongoing Government projects,” remarks the analyst. “And, with companies from one of the industry’s major end user sectors exiting the country, this is proving to be a key challenge in the industry.”
Government-supported incentives to companies that generate their own power and/or implement energy-saving measures in their daily operations can go a long way in reducing energy costs incurred by companies. The Kenyan Government needs to proactively encourage companies to implement energy-saving measures in their daily operations. Moreover, it needs to encourage companies that have the resources to generate their own electricity.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Power generation
- Power transmission
- Power distribution
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