When it comes to electricity procurement, power purchase agreements or PPAs have become a popular choice for businesses and governments alike. A PPA is a legally binding contract between an energy buyer and a power provider. The agreement outlines the terms and conditions of electricity supply, including the price of electricity and the duration of the contract.
One well-known example of a PPA is the KPLC power purchase agreement. KPLC stands for Kenya Power and Lighting Company, which is responsible for the distribution of electrical power in Kenya. In 2014, KPLC entered into a power purchase agreement with Lake Turkana Wind Power (LTWP), a privately owned wind farm located in northern Kenya.
Under the terms of the agreement, KPLC agreed to purchase 310 MW of electricity from LTWP for a period of 20 years. This was a significant milestone for both KPLC and LTWP as it ensured a reliable and affordable source of renewable energy for the Kenyan people.
The KPLC power purchase agreement is a great example of how renewable energy sources can be harnessed to provide sustainable and affordable power. Wind power is one of the most established renewable energy sources and is rapidly growing in popularity. As the global demand for energy continues to increase, renewable energy sources such as wind power will play an increasingly important role in meeting that demand.
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In conclusion, the KPLC power purchase agreement is a shining example of how renewable energy can be leveraged to provide reliable and affordable power. As we look towards a more sustainable future, renewable energy sources will become increasingly important, and power purchase agreements will continue to play a critical role in procuring that energy.