Soul marketing manager Mohammed Attia (in white shirt), the Water and
Irrigation Cabinet Secretary Eugene Wamalwa (centre) and Egypt's
ambassador to Kenya Mahmoud Talaat during the official opening session
of the Water, Electricity and Power Expo (WEPEX) in Nairobi on February
2, 2016. PHOTO | SALATON NJAU
Water and electricity industry stakeholders are converging in
Nairobi to showcase the latest technology and explore opportunities in
the sector.
The three day event is expected to attract
4,000 delegates in Kenya’s largest Water, Electricity and power Expo
with ten countries registered to participate.
While
officiating the opening of the Expo, Water and Irrigation Cabinet
Secretary Eugene Wamalwa said Kenya offers many opportunities in the
water and electricity sectors with potential of high returns for
investors.
“The current demand for
water and electricity in Kenya is high due to the growing population and
the increased urbanization. There are huge opportunities for those
seeking to invest in these two utilities in both generation and supply
and you are all welcome to explore them. The government alone cannot
meet these needs and we need partnership with the private sector and
investors as well,” Mr Wamalwa told delegates.
Water demand
He
said the government will require additional Sh1.5 trillion or 100
billion every year to meet the water demands for all by 2030 as stated
in the Sustainable Development Goals. Currently, the government
allocates Sh40 billion annually for water and irrigation.
Investors from Egypt made a majority of delegation led by the Country’s Ambassador to Kenya Mahmoud Ali Dalaat.
The
Egyptian envoy urged for the formation of a direct shipping route from
Alexandria to Mombasa to boost trade ties between the two countries.
“Kenya
and Egypt trade goods worth USD 500 million while we have to ship goods
all the way to Singapore or Emirates first which is very expensive. We
need to find a direct route to ensure we can reach Kenya easily and
boost this trade volumes to double in three years,” Mr Suleiman said.
The
Expo concludes on Thursday with several partnerships expected to be
signed including clean energy supply and water treatments in counties.
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