Tag: projects

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

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.

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Nairobi Increased sales bolster Kenya Power’s annual pre-tax profits

October 30th 2015, Nairobi

Kenya Power’s pre-tax profits for the financial year July 2014 to June 2015 rose to Shs.12.254 billion shillings from Shs.11.016 billion recorded during the previous fiscal period.

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Kenya Power launches new office and uprates power supply in Elgeyo Marakwet County

October 8th 2015

As part of its strategy to take its services closer to its customers, Kenya Power has opened a
new office in Elgeyo Marakwet County. The newly launched Iten office has been curved from
the larger North Rift region to facilitate the delivery of services to the utility’s customers in Iten
and surrounding areas. The new facilities will bring Kenya Power’s services closer to its 12,000
customers in the county.

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Boresha Umeme

Boresha Umeme is a Kenya Power initiative through which it intends to improve the quality of power supply to its large power and domestic customers within Industrial Area, Nairobi. The operation will involve master repair works such as the rehabilitation of jumpers and the realignment of high tension lines. It will be centered on ten substations namely: NSSF, Nairobi South, Nairobi West, Mombasa Road, New Airport, Syokimau, and New Industrial, Athi River, Jogoo Road, and Dara. The operation will greatly complement the efforts that the Company has put towards reducing power interruptions for its large power and essential service customers.

Shs. 20 billion fund for electricity projects

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).

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Nakuru residents to benefit from Shs.387 million power substation project

September 10th 2015

Residents of Nakuru County are set to enjoy better quality of power supply following the commissioning of Bahati substation by Kenya Power. The Shs.387 million power project is aimed at improving the power supply network serving the Bahati areas’ commercial and social hubs.

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Infrastructure Development

One integral part of infrastructure development is the transmission infrastructure development, with the other being distribution infrastructure development. The former aims to provide an additional 3,178MVA of transmission substation capacity and 3,325kms of new transmission power. The latter is concerned with improving the quality of supply, reduction of technical losses and expanding the network.

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Company Secretary, Legal & Corporate Affairs

The Company Secretary, Legal & Corporate Affairs Division is the Company’s corporate governance champion and takes the lead in ensuring that the Company;

Headed by Company Secretary Beatrice Meso, the divison;

  • conducts its business with all integrity and fairness,

  • is transparent with regard to all transactions,

  • makes all the necessary disclosures and decisions,

  • complies with all the laws of the land,

  • is accountable and responsible towards the stakeholders and commitment to conducting business in an ethical manner.

The Division plays a vital role in the Company’s drive to increase the Country’s power supply by 5000 MW by;

  • Participating in contract negotiations including those relating to power purchase agreements, procurement and financing for company projects.

  • Providing insurance for the extensive investments.

The Division:-

  • Provides services to the entire Company locally as well as abroad.

  • Is primarily responsible for and co-ordinates all of KPLC’s legal services.

  • Is divided into four parts i.e. Litigation, Commercial, Shares and Records & corporate heritage.

  • Ensures 100% legal representation of the Company in court, arbitration, before the ERC and Energy Tribunal;

  • Offers legal advice and opinions;

  • Participates in negotiations, drawing and vetting contracts, PPAs and other conveyance documents;

  • Validates and ensures safe custody of securities.

  • Organizes and coordinates all KPLC management functions. This is done through:

    • coordinating meetings and the management calendar.

    • Attending and taking minutes during the meetings.

    • Creating the meeting timetable.

These divisional roles help to ensure adequate electricity and to ensure business continuity.

Updated September 16, 2016

Human Resource & Administration

Introduction

The Human Resource & Administration division is charged with the responsibility of ensuring the right mix of human capital to facilitate the Company's vision.

Headed by General Manager, Abubakar Swaleh, the division focuses on development and implementation of the new organization structure that aligns business processes to the corporate strategy, enhancing leadership capacity & technical competencies to improve business performance among many other directives.

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Finance

Kenya Power has extensive financial relationships internally and externally, it is the job of the financial division to manage these relationships. Here the finance division is able to oversee the company’s investments, the modest regulated returns, and the long investment recovery period. In addition the Company in partnership with the World Bank has agreed to undertake a comprehensive evaluation of the Company’s operations and finances.