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Investors urged to explore oil opportunities

01 July 2014, 21:47

Nairobi - The Principal Secretary in the Ministry of Energy and Petroleum, Joseph Njoroge has called on investors to explore opportunities in the energy sector.

Njoroge said there were huge opportunities for investments in the energy sector not only in Kenya but in the East African region in general.

He added that Kenya’s was a growing, emerging economy and therefore the region provided huge opportunities for investors who wanted to come and do power generation.

The government official made these remarks ahead of the annual East African Power Industry Convention (EAPIC) which will be held in Nairobi in September.

“The event provides a forum where different players in the industry from different countries meet and exchange ideas and cross-fertilise each other with great ideas and even more importantly expose opportunities that are available in different parts of the region. It is a forum that provides the opportunity for benchmarking, sharing ideas and learning from others,” he said.

Over the last nine months, the ministry has embarked on an ambitious plan to reach the 5000 megawatt generation capacity in Kenya.

Njoroge said so far, the biggest achievement had been drawing up a specific road map of the contribution to the 5000MW of different technologies.

"Most of that work is going to be done between Kengen and other independent power producers,” he said.

 - CAJ News

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