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Kiharu MP Ndindi Nyoro has proposed selling part of the government’s stake in Kenya Electricity Generating Company (KenGen) to raise money that could be used to reduce electricity costs.
Nyoro said the move could help provide funds for measures aimed at making power more affordable for Kenyans and supporting businesses that rely heavily on electricity.
Speaking during an interview with Meru FM on Wednesday, September 16, 2026, the lawmaker said the high cost of electricity remains a major challenge for Kenya’s manufacturing sector.
He argued that discussions about growing local manufacturing must also address the price of electricity, saying expensive power makes it harder for businesses to expand and create jobs.
Nyoro proposed that the government consider selling a portion of its KenGen shares to an international company with expertise in electricity generation. A similar proposal reported by other media outlets puts the suggested stake at 35 per cent.
KenGen is already partly owned by private investors, while the government remains the majority shareholder. The company is listed on the Nairobi Securities Exchange.
Nyoro said proceeds from a possible stake sale could be directed towards initiatives that would help lower electricity costs.
The proposal comes amid continued debate over the cost of power and its impact on households, manufacturers and other businesses.
Nyoro has previously called for reforms in Kenya’s electricity sector, including greater participation by private power producers, arguing that increased competition could help bring down costs.