Tag: finance

Nairobi, October 29, 2019…….The Kenya Power Board of Directors has appointed Bernard Ngugi as the Managing Director & Chief Executive Officer of the Company.

Nairobi, 21^st February, 2019………Kenya Power has recorded KShs.2.5 billion in net profit for the half year period to 31 December 2018.

During the trading period, revenue from electricity sales increased by 21.3 % from KShs.46.93 billion to KShs.56.95 billion. The revenue growth was as a result of increase in unit sales where the utility sold 4,106 GWh as at 31 December 2018 compared to 3,893 GWh as at 31 December 2017. 

Nairobi, 23^rd November, 2018………Kenya Power has today announced a gross profit of KShs.3.1 billion for the year ended 30^th June 2018.

During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units due to an expanded customer base. Consequently, revenue from sale of electricity grew from KShs.91.95 billion to KShs.95.463 billion...

Nairobi, June 26^th 2018….Kenya Power will spend KShs.13 million to fund Corporate Social Investment (CSI) programmes championed by employees across the country.

Nairobi, June 19^th 2018……. Kenya Power has set aside KShs.1.63 billion to finance various projects aimed at strengthening the distribution network in North Rift region, to provide adequate and reliable power supply.

Nairobi, June 19^th 2018……. Kenya Power has set aside KShs.1.63 billion to finance various projects aimed at strengthening the distribution network in North Rift region, to provide adequate and reliable power supply.

Nairobi, May 28^th 2018……. Kenya Power has reorganised its corporate structure for improved customer service and effective management operations in line with its new business growth strategy.  

The Kenya Power Board of Directors is pleased to announce the appointment of Dr. Ken Tarus as the Acting Managing Director and Chief Executive Officer of the Company with effect from today (4th January 2017).

Nairobi, September 20, 2016………Kenya Power emerged top in the innovation category at the just concluded African Investor’s CEO Institutional Investment Summit & Awards 2016.

 

Nairobi, July 14, 2016………Kenya Power has commenced procurement of 195,299 wooden poles in preparation to implement the second phase of the Last Mile Connectivity Project.

 

Spearheaded by  Government under  National Electrification Programme (NEP), this phase of the Last Mile Project is financed by the World Bank to a tune of Sh15 billion and targets to connect 312,500 households to the national grid.

 

A total of 44,701 concrete poles will also be procured under this phase, said Kenya Power’s Managing Director and CEO, Dr Ben Chumo.

 

“Implementation of this phase is expected to start later this financial year. We aim to connect over a million new customers every year going forward in order to achieve the targeted milestones,” said Dr Chumo, indicating that the Company’s demand for poles will rise in the short term.

 

Under this phase, Kenya Power will procure prepaid meters, poles, cables, conductors and 1,000 transformers for grid extension, on behalf of contractors as per the World Bank’s procurement guidelines.

 

The first phase of Last Mile Connectivity Project is ongoing with contractors already mobilized and on the ground. It is financed by the Government and the African Development Bank a cost of Sh13.5 billion targeting 314,000 households.

 

“The works under this phase is being implemented in all the 47 counties by 10 contractors. This initial phase of the project, earmarked for completion by June 2017, is projected to use a total of  319,203 poles,” Dr Chumo said.

 

Last year, Kenya Power procured 377,000 poles locally, both wooden and concrete, in support of “Buy Kenya Build Kenya Initiative”. The Company’s spend on poles in the last three years stands at Sh7.9 billion.

 

“We are now buying all our poles locally unlike in the past where we used to import from as far as Brazil, Congo and south Africa”, Dr Chumo said. “Currently we have a total of 35 manufacturers and suppliers,” he added.

 

The Company’s demand for poles has been growing over the years due to undertaking of network upgrade programmes that involve replacement of wooden poles with concrete ones and extension of low and medium voltage lines.

 

In the last two years, Kenya Power has been involved in implementation of the Government- funded National Lighting Programme targeting 52 towns across the country in a bid to enhance security and transform Kenya into a 24-hour economy.

 

In addition, since 2014, 1.14 million new customers have been supplied with electricity under the Global Partnership on Output- Based Aid (GPOBA) programme funded by the World Bank to aid cheap connections, mainly in slum areas, creating demand for poles.

 

 

For more information, contact:

Kenya Power Corporate Communications Dept.

Tel. 3201630/43 or/39

E-mail communications@kenyapower.co.ke

KPLC AND AFD SIGN A 56 MILLION EURO (6 BILLION KENYAN SHILLING) FINANCING AGREEMENT FOR THE IMPLEMENTATION OF KENYA POWER’S DISTRIBUTION MASTERPLAN

Kenya Power Managing Director and Chief Executive Officer, Dr. Ben CHUMO, together with the Regional Director of AFD Nairobi Office, Mr. Yves BOUDOT, in the presence of the French Ambassador to Kenya, H.E. Mr. Rémi MARECHAUX, have today signed a financing agreement for the provision by AFD of a 56 M€ loan to Kenya Power.

Tuesday, 15th September, 2015

Thousands of Kenyans will benefit from access to affordable electricity connection following increased funding of electricity projects by the African Development Bank (AfDB) and the Government of Kenya (Gok).

The Customer Service division is mandated to undertake customer related aspects of the business. Specifically, this includes but is not limited to analysis of electricity unit sales growth in the plan period, sales from new and existing customers, innovations and service reforms to enhance sales growth and customer satisfaction.

Headed by General Manager, Eng Peter Mwichigi, the Division is responsible for the sale of electricity to over 4,7 million customers countrywide and is currently targeting to connect close to to 2 million more by the end of the current financial year 2016/17 (Click here for current connectivity performance).  Specific functions are detailed below.

Sales Growth

This function is tasked with facilitating New Connections. The function has a target of connecting 1.2 million customers every year in order to achieve 70% access rate by 2017.

There are two types of new connections:

b)  Ordinary customers who are domestic and small commercial customers who need supply of below 25 Kva

b) Premium Customers who are large commercial customers requiring supply of above 25 Kva.

Demand Creation

• The main function of Demand Creation is to take care of the Kenya Power brand  by ensuring its visibility.
• The function informs the public about Kenya Power’s Products and services through all means including:
• Taking part in events like Shows, exhibitions, customer forums, sponsorship of strategic events etc.
• Products and Service advertising: TV, Radio, Print, road shows etc
• Producing all the branded materials e.g T-Shirts, Banners,
• Branding of Kenya Power branches

Market Research

• The function carries out Customer Satisfaction Surveys to identify the customer needs and recommends actions to improve satisfaction.
• Following up on the implementation of recommendation of satisfaction improvements.
• The function is tasked with keeping up with the changing needs of the customers and the changing business environment.

Regional Marketing Activities

• Acquiring new ordinary and premium customers
• Engaging local stakeholders and local residents.
• Holding informational barazas in the local areas.

Key products and Services

Currently the department is focused on:

• Last Mile Connectivity Program:
  • Phase 1- Connecting households within 600 meters of existing transformers with customer paying Ksh. 15,000 for connections.
  • Phase 2- Extending the connection beyond 600 meters
  • Street Lighting in the towns and trading centers
• GPOBA connections- this is a World Bank financed project that seeks to connect slums and other high density residential homes to electricity at a very subsidized rate of Ksh. 1, 160.
• Stima Loan provides new connection loans to customers payable in 24 months.

Updated Jan 09, 2018

 

Nairobi, 28th July, 2015
KPLC signs 100 MW power purchase agreement for Kipeto wind energy
Kenya Power and Kipeto Power Limited have signed a Power Purchase Agreement (PPA) for development of a 100 megawatt wind energy project in Oldonyo Narok near Kiserian, Kajiado County.

Following the recent formal launch of the Last Mile Connectivity Project by His Excellency President Uhuru Kenyatta, Kenya Power wishes to update the public on the project’s progress.

Kenya Power will implement a Government plan to procure and distribute 24,500 solar lanterns that will benefit 13 counties in arid and semi-arid areas, the Company’s Deputy Manager for Off-Grid Power Stations, Eng. Henry Gichungi has revealed.

Monday, 25th August, 2014

The African Development Bank (AfDB) has committed a USD150 million loan (approximately Shs.13 billion) to the government to finance part of the one million new electricity connections target announced by Kenya Power for this financial year.

Monday, 28th July, 2014

Kenya is negotiating a Shs.60 billion loan from African Development Bank (ADB) to finance an ambitious plan to expand the country’s electricity access from the current 32% to 70% in five years.