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Is Kenya Power staring at financial blackout?
Energy secretary Charles Keter (centre) and principal secretary Joseph Njoroge listen to Godfrey Ticha, a Kenya Power engineer, when the officials toured Juja sub-station in Dandora on January 10, 2017. photo | anthony omuya
We need to start a national conversation about the financial solvency of Kenya Power. When a monopoly utility like Kenya Power, which is part of the nation’s critical infrastructure is in bad financial health, the nation’s economy is at risk because electricity is a vital input in virtually every economic activity.
What is the true health of Kenya Power today? This burning question is the issue of fuel cost recovery. Newspapers have reported a massive hole running into billions of shillings in the books of the company.