(Last Updated On: February 18, 2015)
Kenya sole electricity distributing company Kenya Power has had a solid half year since it reported a 52% rise in pretax profits for the period July to December 2014. Pretax profit rose from Ksh4.19 billion to Ksh6.408 billion.
The high growth was mainly due to increased sales since they increased the tariffs, improved power supply, increased customer numbers and reduced power losses during transmission. The number of power units purchased rose from 4,093GWh to 4,320Gwh.
Fuel costs increase by Ksh889 million due to the low amount of rains during the short rainy season hence thermal generators had to be used.
Kenya Power is now focus on total upgrade and expansion of the network so as to fully utilize the additional power that has been added. Interim dividends remain unchanged at Ksh0.2 per share