Energy Act

53. Funds of the Corporation

Edition: 2022-12-31 · In force

My notebook Discuss your situation

53. Funds of the Corporation

(1)The funds of the Corporation shall consist of—

(a)monies from the Rural Electrification Programme Fund established under section 143;

(b)such monies as may, from time to time, be appropriated by Parliament for that purpose;

(c)money's allocated from the consolidated energy fund for promotion and development of renewable energy initiatives;

(d)interest from bank deposits; and

(e)revenue from other sources including loans, grants, gifts or donations approved by the Cabinet Secretary.

(2)There shall be paid out of the funds of the Corporation, all expenditure incurred by the Corporation in the exercise of its powers or the performance of its functions under this Act or any other written law.

Nuclear Power and Energy Agency

← Previous provision Next provision →

Source: Kenya Law