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Analysis of the Revocation by the Energy and Petroleum Regulatory Authority of Guidelines for Power Sector Investments

On 23 January 2026, the Energy and Petroleum Regulatory Authority (EPRA) revoked five guidelines governing investment returns and tariff-setting in Kenya’s power sector (Revocations). These Revocations remove longstanding regulatory constraints on financial returns for independent power producers (IPPs) and create new opportunities for investors. This alert summarises the background to the Revocations (as defined below), the guidelines affected, and the practical implications for stakeholders in Kenya’s energy market.