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Africa Kenya News

INCREASED ELECTRICITY SALES LEAD TO IMPROVED BASIC REVENUE:

Increase in electricity sales resulted to 11% growth in basic revenue for the first half of the financial year ending December 2015 for Kenya Power. Basic revenue rose to Shs.41.7 billion by December 2015 from Shs.37.6 billion realised in a similar period in 2014. “The growth in basic revenue resulted from a growth in customer base which increased by 6 percent,” Dr. Ben Chumo, the Managing Director and Chief Executive Officer said. “Our drive to connect more households has borne fruit. Together with an uptake in economic activities, we have seen our unit sales rise”

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

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. The funds made available to Kenya Power.
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