African Development Bank's SEFA grant to support first Super ESCO in East Africa.
ENPNewswire-September 20, 2021--African Development Bank's SEFA grant to support first Super ESCO in East Africa
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Release date- 17092021 - The Sustainable Energy Fund for Africa (SEFA) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO).
The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors.
Super ESCOs are vehicles for channelling funds into public sector energy efficiency investments such as hospitals, schools, and street lighting, laying the foundation for private investment later in the commercial and industrial sectors.
The SEFA grant will support the training of a dedicated team within the Kenya Power and Lighting Company's Institute of Energy Studies and Research to operate as a Super ESCO, in addition to support for private ESCOs in Kenya to develop their Energy Performance Contract services.
'The Kenya Power and Lighting Company Super ESCO will allow Kenya to not only improve efficient utilization of energy in the public sector, but also enable a vibrant and sustainable energy efficiency service market which will create jobs and promote investment in energy efficiency,' said Dr Jeremiah Kiplagat, Director of the KPLC Institute of Energy Studies and Research.
Kenya's Super ESCOs will enable the Kenya Power and Lighting Company to gain the relevant expertise which will build market demand and lay the foundation for more ESCOs and ultimately more private investment in energy efficiency in the commercial and industrial sectors.
'The Super...
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