The Lower Eastern Times Opening The Third Eye
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Kenya Power’s profit from every Sh100 paid by customers is minimal, according to Managing Director Joseph Siror.
He stated that out of this amount, Kenya Power receives around Sh2 or less as profit.
Approximately Sh20 goes towards covering the utility firm’s operational expenses, while the majority, about 65%, is allocated to electricity generation. Siror suggested that only about 10% of the remaining amount might constitute Kenya Power’s profit, which could sometimes be even lower.
He emphasized that investing this profit in millions as capital might yield returns in the long term. Siror also highlighted the importance of increasing connections across the country to boost Kenya Power’s profitability.
Regarding disparities in payment for electricity installation services, Siror noted that various factors influence the costs. He explained that while Kenya Power operates as a commercial entity, government programs such as the Last Mile scheme address the importance of electricity access.
However, he pointed out that certain expenses, like transformer installation, are covered directly from Kenya Power’s resources without provision for reimbursement.
