Kenya Power Lighting Company PLC (Kenya Power) owns and operates most of the electricity transmission and distribution system in Kenya. Kenya Power sells electricity to over 8.9 million customers. During the year ended 30th June 2022, Kenya Power recorded a 6.6% growth in sales to 9,813 gigawatt-hours, mainly supported by an expanding customer base, improved system efficiency, and an intensive countrywide loss reduction campaign geared towards tackling theft of electricity. This resulted into a KShs.3.5 billion profit after tax. Kenya Power added over 600,000 new customers in the last year.
To sustain profitability and grow shareholder value, Kenya Power is looking to leverage new business frontiers as part of its five-year Strategic Plan for the period 2023-2028. Some of the key pillars of this new growth plan include electric mobility, getting more Kenyans to shift to electric…
Electric Mobility, Cooking, Energy Storage, & Decarbonization To Anchor Kenya Power’s Growth Plan
