The Kenya Association of Manufacturers paid a visit to LTWP offices where the two organisations held consultative talks about clean energy and the cost of doing business in Kenya.
Speaking during the visit, KAM CEO Phyllis Wakiaga, noted the vital role that LTWP is playing in promoting manufacturing, and reaffirmed the organisation’s commitment to developing a sustainable manufacturing sector. “The association remains committed to driving discourse on supporting our industrialisation agenda. We continue to support the development of an innovative, sustainable and competitive manufacturing sector,” said Wakiaga.
Renewable energy plays a crucial role in manufacturing reducing the cost of energy by decreasing dependence on expensive thermal sources, while simultaneously reducing the sector’s overall carbon footprint. LTWP has displaced more than 2.5million tonnes of carbon emissions to date.
LTWP CEO, Jon Zaidi, noted that LTWP’s mandate remains to provide clean energy to Kenyans, but the Kenyan taxation policy is creating a difficult business environment. “Our vision is to provide reliable, low-cost energy to Kenya’s national grid. However, our efforts continue to be hampered by the high cost of doing business in the country, attributed to Kenya’s fiscal and taxation policy,” said Zaidi.
LTWP is a key player in the Kenyan government’s commitment to scaling up electricity generation to 5,000MW and is a flagship project within the Vision 2030 program.
About Kenya Association of Manufacturers (www.kam.co.ke)
Established in 1959, Kenya Association of Manufacturers (KAM) is a representative of manufacturing and value-add industries in Kenya. The Association has grown into a dynamic, vibrant, credible Association that unites industrialists and offers a common voice for businesses.
KAM has been front and centre in driving fact-based policy advocacy towards the formation of industrial policies to strengthen and support the country’s economic development. Through fact-based advocacy, KAM partners with Government and its associated agencies to ensure a dynamic and flourishing manufacturing sector in Kenya, to realize a double-digit contribution to GDP.