In a significant move towards sustainable transportation solutions, Kenya Power has announced a substantial investment of Ksh 258 million into electric vehicles (EVs) and associated charging infrastructure.
The utility company has allocated Ksh 6.5 million to establish its second EV charging station at Stima Plaza, equipped with advanced technology to cater to the growing demand for EV charging. Comprising a 50 kW DC charger capable of charging a vehicle within an hour and a 22 kW AC charger with a two-hour transmission window, the station aims to ease the transition to electric mobility.
Kenya Power’s commitment extends beyond charging infrastructure, with plans to introduce a fleet of electric vehicles into its operational fleet. With the recent acquisition of two heavy-duty electric vehicles at a cost of Ksh 18 million, the company aims to expand its EV fleet to include nine electric vehicles and 25 electric motorcycles by year-end.
Managing Director Joseph Siror outlined Kenya Power’s ambitious plans, including the allocation of an annual budget of Ksh 20 million for the establishment of EV charging stations nationwide. The company aims to set up nine additional charging stations in strategic locations across the country by July, addressing the current scarcity of e-mobility infrastructure.
In addition to facilitating EV charging, Kenya Power intends to leverage its charging stations to gather valuable data to inform future strategies and support the growing e-mobility industry. However, the success of these initiatives depends on ensuring stable and affordable electricity supply, a challenge the company acknowledges amid rising consumer interest in alternative energy sources.
Kenya’s evolving EV policy landscape, including special tariffs for the e-mobility sector introduced in the recent electricity tariff review, further supports Kenya Power’s transition to electric mobility. The Electric Mobility Taskforce, responsible for formulating a comprehensive EV policy framework, recently concluded public participation forums nationwide, paving the way for policy development.
Chairperson Jerotich Seii emphasized the significance of this policy development, stating, “The e-mobility policy in Kenya is overdue. We are pleased to introduce this innovative approach to transport and its management.”
As Kenya Power accelerates its transition to electric mobility, the stage is set for a transformative shift towards sustainable transportation, driven by innovation and commitment to a greener future.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
23rd April, 2024
