By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Kenya Power is ordered to submit a report on changes and cost reductions for electricity.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Kenya Power is ordered to submit a report on changes and cost reductions for electricity.
News

Kenya Power is ordered to submit a report on changes and cost reductions for electricity.

Ivy Irungu
Last updated: September 9, 2024 6:16 am
Ivy Irungu
11 months ago
Share
SHARE

Kenya Power has been given one month to present a report to the Ministry of Energy and Petroleum detailing the reforms it is implementing to enhance operational efficiency and reduce energy costs for consumers.

Energy and Petroleum Cabinet Secretary Opiyo Wandayi also requested that the utility company provide a plan for improving liquidity and strengthening its balance sheet, with the aim of returning to sustainable profitability.

Kenya Power reported a profit after tax of Sh319 million for the half-year period ending December 2023, following an increase in electricity sales. This marks a recovery from the Sh1.1 billion loss recorded during the same period in 2022, reflecting a turnaround after challenging years. The company attributed its profitability to revenue growth driven by higher electricity sales and the implementation of a cost-reflective tariff.

“I have instructed the board to urgently embark on an institutional reform pathway and report back to the Ministry, covering key areas,” Wandayi stated during his first visit to Kenya Power headquarters and a tour of its infrastructure.

The board and management have been tasked with updating the ministry on project challenges, resource needs, completion timelines, accountability measures, and expected outcomes.

READ MORE  Unknown heroes that prevented 1,000 children from the genocide in Rwanda

The ministry is particularly focused on Kenya Power’s strategy for reducing technical and commercial losses, with a goal to decrease current loss levels from 24% to the tariff-setting allowable level of 19.5% within three years.

Wandayi also requested a report on the technical, operational, and human capital capacity of the National Control Center. This includes power infrastructure configuration, power system protection, and generation mix decisions, all aimed at proactively managing system disturbances and preventing major outages, such as the recent one on Friday.

Additionally, Wandayi emphasized the need for Kenya Power to enhance its customer service strategy by utilizing the Integrated Customer Management System at the National Customer Call Centre. This is to ensure that customer complaints are resolved within the timelines outlined in the KPLC Service Charter, and that power outages meet agreed performance targets.

Wandayi also highlighted the importance of strengthening Kenya Power’s supply chain and logistics strategy to address ongoing shortages of critical materials like transformers, meters, fuses, and poles. These essential materials must be optimally stocked to efficiently address customer complaints when needed.

READ MORE  Biden condemns 'sheer evil' of Hamas attacks on Israel
Congo hands over Americans jailed over failed coup as talks on minerals progress
Pride and praise in Peru for Pope Leo who left lasting impression
Kajiado Residents Protest Alleged Attempt To Grab More Than 50 Acres Of Ololua Forest Land
An electric pole kills a Kenyan power worker.
DP Gachagua urges partners to help scale up school feeding programme
Share This Article
Facebook Email Print
Previous Article The state denies raising the price of corn at NCPB.
Next Article To prevent controversy, legislators advise a worldwide tender for the position of Auditor General.
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • This VIDEO of controversial ‘content creator’ ALICIA KANINI ‘stretching’ has sparked wild reactions (WATCH)
  • US embassy guard in Norway charged with spying
  • Ex-governor Lonyangapou, 7 others acquitted in procurement case
  • Kenyan passport falls two places in global ranking
  • Two Real Madrid players favourites to take No.9 shirt from Mbappe

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?