After SGR, Kenya’s next Sh900bn debt trap for power project

Days after the Nation exclusively reported that Kenya signed a lopsided multibillion-shilling deal for the operation of the Standard Gauge Railway, an American think-tank is warning that the taxpayer is being forced into another Sh900 billion debt trap for the Lamu coal power project.

The Sh900 billion will be paid as capacity charge to Lamu Coal owners for connecting their generators to the national grid, and will be due whether or not the plant is in operation and supplying energy to Kenyans.

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