9 - 12 October 2019

Addis Ababa Exhibition Center, Karachi, Pakistan
Electricity & Power 2019 - Addis Ababa
Electricity & Power 2019 - Addis Ababa, International Trade Show on Electricity & Power. The exhibition will be held in conjunction with Trade Africa 2018 from 9 - 12 October 2019, at Addis Ababa Exhibition Center, Karachi, Pakistan.
Electricity & Power 2019 - Addis Ababa provides a unique opportunity to expand your brand in one of the most astonishing business destinations in Africa. The Exhibition attracts exhibitors from over 15 countries. Over the past few years, Kenya's GDP has raised upto 55.24 from 37.2 Billions with 5 years..

Kenya is the hub of East African market and biggest and most advanced economy in east and central Africa, The Country shares borders with Tanzania, South Sudan, Somalia, Uganda and Ethiopia.
Electricity & Power 2019 - Addis Ababa attracts visitor from different countries as a mass visitor campaign is launched to make a prosper event. Visiting countries include Tanzania, South Africa, Congo, Sudan, Uganda, Rwanda, Botswana, Nigeria, Mali, Ethiopia, India, Egypt, UK, Germany etc.

Kenyatta International Convention Centre

Addis Ababa Exhibition Center
Addis Ababa - Ethiopia
9 - 12 October 2019 10 AM - 06 PM

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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 will partially support the implementation of the company’s Distribution Masterplan for 2012-2030. The investments will strengthen and expand the distribution network of the power utility in three major zones of economic activity in Kenya: Mombasa, Kisumu and Nairobi. Upon implementation, the Distribution Masterplan projects are expected to decrease the number of power shortage and to increase of the reliability of the network. This will allow Kenya Power to increase its income and will help the industrialists situated in regions covered by the project to better manage their costs (by limiting the need for private generators). In addition, the projects will enable the company reduce technical losses through improved energy efficiency of around 10 GWh / year. This reduction of technical losses will further strengthen the financial performance of Kenya Power and will reduce greenhouse gas emissions by around 4,000 tons of CO2 eq./ year. At the same time, the Distribution Masterplan projects will increase the distribution network capacity and, consequently, will contribute to improve the living conditions of the population.

This financing is provided by Kenya Power at AFD own’s risks, without the guarantee of the Government of Kenya. It highlights the very good financial performance of Kenya Power and the confidence of AFD in this company and the overall Kenyan electricity sector. Kenya Power Managing Director indicated that “this financing is one of the first of its kind and is a clear indication that Kenya Power has come of age to directly access financial resources to invest in its network”. He noted that this was all the more important as it allowed Kenya Power to “improve the reliability and quality of electricity distribution, which is the primary role of Kenya Power”.

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”. As a result of increased use of geothermal generated power sources compared to more expensive thermal sources, income from fuel cost recovery declined almost by half to Shs.7.5 billion from Shs.16.7 billion realised in a similar period in 2014. This decrease saw the total electricity revenue drop to Shs.53.5 billion from Shs.55.2 billion realised in 2014.

The decline also resulted from macroeconomic factors including the depreciation of the shilling against the dollar during the period under review, Dr. Chumo said. Operating profit decreased by 12.9% to Shs.7.59 billion from Shs.8.65 billion recorded for a similar period ending December 2014. The drop was largely attributed to rise in power purchases with addition of new power to the grid and the ongoing power system reinforcement project implemented to stabilise the electricity network.

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