Increasing focus on fight against climate change, gas emission has taken shape in Africa and is expected to boost stocks performance for a number of the Nairobi Securities Exchange-listed firms. Accelerated calls to combat climate change have seen a number of firms venture into e-mobility like
High Court in Nairobi has suspended Kenya Power’s Ksh.2 billion tender for electricity metres supply, which it had awarded foreign bidders. Four indigenous bidders moved to court challenging the decision over favouritism. According to Kenya Power, local firms lacked requisite experience to handle such tender. The four
The Kenyan government is now banking on the electricity generating company, KenGen, to effect the remaining 15 percent power cut. This follows KenGen’s move to connect its Olkaria I unit VI to the national grid, which is poised to increase the company's output geothermal in the
Kenya Power has launched a Ksh.340 million live line laboratory which will see Kenyans saved from perennial power cuts due to faulty lines. The World Bank-funded technology will help the power utility save up to Ksh.1 billion lost every year due to power outages. “The live line
Kenya Power has received Ksh.7.05 billion subsidy from the National Treasury which will see a second phase of lowering power consumption in the country by a further 15 percent. The first phase was implemented in January this year after President Uhuru Kenyatta announced in October last
Geoffrey Muli has been appointed an interim Managing Director of Kenya Power effective May 17, 2022. He takes over from Rosemary Oduor who has also been serving in an interim capacity since August 2021. “The appointment of Geoffrey Muli takes effect on May 17,” Kenya Power said
The government has increased its allocation for subsidized home connections to the national grid by Ksh.1.48 billion for the fiscal year beginning July, giving hope to thousands of households that have yet to receive electricity. According to the National Treasury's newest spending plans, Ksh.5.8 billion has
After years of making losses, Kenya’s power distributor, Kenya Power, is now eyeing electric vehicle market in a bid to expand its revenue bracket. The company is currently in talks with at least five e-mobility firms for the carbon-free transport market. According to Kenya Power management, the
Kenya Power now seeks to venture into the internet selling market with the introduction of high-speed internet. The power utility will first target its corporate users as tests have already commenced in larger power stations with the expectation to roll out similar services to its rural
Kenya Power has resumed the generation of tokens after hours of a technical hitch. The power utility said its prepaid and postpaid customers that undelivered tokens will be sent to respective customers within an hour. “We wish to inform our pre-paid and post paid customers that we
