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Kenya Power has signed an agreement to buy 76 megawatts (MW) of electricity from two local private companies, as it races to expand supply in one of the fastest-growing economies in East Africa.
Kenya Power's Chief Executive Ben Chumo said during a signing ceremony on Wednesday the power firm would buy 70 MW from a geothermal plant run by Akiira Geothermal Limited at a cost of 9.23 U.S. cents per kilowatt hour.
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