In order to realise Kenya’s Vision 2030 goals for sustainable and affordable energy, the government has been offering incentives to encourage investment in the renewable energy space. One of the most effective incentives in the government’s toolbox is the provision of tax exemptions which have the dual advantage of encouraging investment and possibly lowering electricity tariffs payable by consumers.
Our energy and natural resources lawyers deliver to our clients the focused, innovative sector advice they need, in Kenya and beyond.
We are entering an era of unprecedented demand for power generation and transmission, especially in East Africa. This dynamic, together with the challenges we all face from climate crisis, is creating new opportunities for alternative energies and new technologies.
Our energy clients receive coordinated, across-the-board coverage for their needs, including construction and projects, corporate, competition, regulatory, contractual, trading, litigation/arbitration, dispute resolution and tax issues. We understand the technical, geographical, commercial and geopolitical factors that shape the industry and have first-hand access to contacts, sponsors and decision makers.
IKM has been involved in numerous transactions pertaining to the energy sector, particularly those related to petroleum, geothermal, hydropower, solar, wind and coal. We also assist all participants in the oil and gas sector.
Experience has included advising:
- The sponsors of a USD1.8 billion energy project on the development of a 100 MW wind power plant in Kajiado, Kenya
- Senior lenders on the development and construction of a 140 MW geothermal power plant and related facilities in the Rift Valley region in Kenya and the sale of capacity and energy to the Kenya Power and Lighting Company
- An international oil and gas exploration and development company on its rights under a production sharing contract with the Kenyan government for the acquisition of on-shore exploration blocks
- Government of Kenya in a multibillion investment arbitration proceedings filed by Cortec Mining Kenya Limited at the International Centre for Settlement of Investment Disputes (ICSID)
- The government of an East African country on its oil and gas operations
- The senior lenders on a 981 MW coal-fired power plant in Lamu County, Kenya
- An international company on a grant of concessions over coal mines in Kenya
- The receivers appointed in respect of the sale of wind turbine generators and other assets from a company
- The sponsors on the financing of two 40 MW solar power projects
- Ranked Tier 1 in Projects & Privatization (The Legal 500 2019)
- Ranked Band 2 in Projects & Energy (Chambers & Partners 2019)
- Ranked in Projects & Finance (IFLR1000)
IKM Advocates is part of the DLA Piper Africa Group and is globally ranked as a Tier 1 firm for Energy, Projects and Infrastructure work.
IKM Advocates’ Projects, Energy and Infrastructure team is delighted to invite you for an exclusive Breakfast event focusing on the recently enacted Energy Act.
The Petroleum Act, 2019 came into effect on 28 March this year, repealing the Petroleum (Exploration and Production) Act, Chapter 308 Laws of Kenya which entered into force in 1984. This is a pivotal development in the upstream petroleum industry in Kenya.
The Petroleum Act, 2019 came into effect on 28 March this year, repealing the Petroleum (Exploration and Production) Act, Chapter 308 Laws of Kenya which entered into force in 1984. This is a pivotal development in the upstream petroleum industry in Kenya. We summarise below the importance of this development and the key features of the new Act.