Kenya Seeks $4.3B Nuclear Approval

Key Figures & Findings: Kenya is advancing a monumental energy project with its Kenya Nuclear Electricity Board (KNEB) applying for approval of a nuclear power facility valued at KSh645 billion ($4.3 billion). The proposed plant is planned to generate up to 1,000 megawatts, a substantial addition to Kenya’s power capacity. KNEB CEO Collins Juma emphasized the critical role this plant could play in diversifying Kenya’s energy mix, which remains largely dependent on hydroelectric and thermal sources, both of which are vulnerable to fluctuations in climate and fossil fuel markets.

Insights: This investment aligns with Kenya’s 2030 Vision for a sustainable energy mix, which aims at reducing import dependence and supporting stable electricity rates for citizens.

Future Implications: Should Kenya gain approval and secure financing, the nuclear project could potentially make Kenya one of Africa’s pioneering nations in nuclear energy by the late 2030s. 

Source: Business Daily Africa