Kenya Power Invests Ksh.258 Million to Boost Electric Vehicle Adoption

Kenya Power invests $2.2M to boost electric vehicle adoption, installing 9 charging stations by 2024 and expanding its own EV fleet, aligning with Kenya's goal to increase EV imports to 5% of total.

author-image
Israel Ojoko
Updated On
New Update
Kenya Power Invests Ksh.258 Million to Boost Electric Vehicle Adoption

Kenya Power Invests Ksh.258 Million to Boost Electric Vehicle Adoption

On April 22, 2024, Kenya Power announced a Ksh.258 million investment over the next three years to boost electric vehicle (EV) uptake in Kenya. The state-owned power utility plans to set up charging stations nationwide and purchase EVs and electric motorcycles for its own operations as part of this initiative.

Kenya Power has already inaugurated its first EV charging station at Stima Plaza in Nairobi, featuring a 50 kW DC charger and a 22 kW AC charger. The Ksh.6.5 million facility is the first of many planned, with the company aiming to install nine more charging stations across various locations in Kenya by July 2024. These locations include Donholm, Nakuru, Mombasa, Mtito Andei, Kisumu, Eldoret, Roysambu, Electricity House Nairobi, and Ragati.

In addition to expanding the charging infrastructure, Kenya Power has acquired two heavy-duty electric vehicles at a cost of Ksh.18 million for its own operations. The company intends to further expand its EV fleet by purchasing nine more electric vehicles and 25 electric motorcycles by the end of December 2024.

Why this matters: Kenya Power's substantial investment in electric mobility aligns with Kenya's broader goal of increasing the share of EV imports to 5% of the total, up from the current figures. This initiative aims to combat emissions from the transport sector, a significant contributor to national emissions, and position Kenya as a potential leader in e-mobility in Africa.

Looking ahead, Kenya Power plans to install 10 more charging facilities annually in 2025 and 2026, with an annual budget of Ksh.20 million allocated for setting up EV charging stations across its offices. The company is also implementing an E-mobility tariff, approved by the Energy and Petroleum Regulatory Authority, to incentivize the adoption of electric vehicles, motorcycles, and bicycles.

Key Takeaways

  • Kenya Power to invest Ksh.258M over 3 years to boost EV adoption in Kenya.
  • Kenya Power to set up 10 EV charging stations across Kenya by July 2024.
  • Kenya Power acquires 2 heavy-duty EVs and plans to buy 9 more EVs and 25 e-motorcycles.
  • Kenya aims to increase EV imports to 5% of total, up from current levels.
  • Kenya Power to install 10 more charging stations annually in 2025 and 2026.