For Private Investment in Public projects, Debt Financiers (banks, DFIs etc) have a limited & structured risk exposure—very different from equity investors.
Debt financiers are not owners of the project company - they do not bear operational/performance liability for the project Lenders are repaid only from project cash flows. If the project fails, they cannot claim against sponsors’ other assets.
If things go wrong, they enforce security rather than assume liability.

Both the President and KenGen are correct.
The President is speaking at Policy/Strategy level is therefore counts “Suppressed demand” as Load Shedding.

KenGen speaks at technical level and since all transmission lines delivered power, they say “no load shedding”

Let me use an example 🧵

https://x.com/MativoMJohn/status/1986690119684821037

The Maximum loading on Muhoroni Chemosit line is *113MVA*. The line supplies Kericho, Bomet, Trans Mara area, Kisii, Nyamira, Migori and Homa Bay.
However demand in the area is more than 180MVA. So technical there is *Suppressed demand of more than 60MVA* every day
2/

There are many reasons why system operator need to undertake load shedding. The primary objective is to ensure that “supply” and “demand” are always balanced otherwise the frequency will greatly fluctuate and cause partial or national system collapse.
#Loadshedding Kenya has approx 3200MW installed capacity & 500MW captive power. The peak demand is approx 2,400MW.
None of the power plants have 100% capacity factor. Wind is 55% and Solar 30%. Therefore available power can drop to 2500MW - even worse if one plant is down for maintenance