Kenya Power exceeds connections by 14 per cent
Business
By
Sharon Wanga
| Feb 20, 2024
More than 250,000 Kenyans have been connected to electricity across the country in the period up to December 2023, Kenya Power now says.
The number accounts for 13.8 percent connectivity, surpassing its target of 225,000 customers every half year.
The increased connectivity was largely due to the availability of meters and the deployment of the Rapid Results Initiative (RRI) which helped to fast-track meter installation, Kenya Power CEO Joseph Siror said.
"Following the improvement in meter availability, we recently initiated a metering initiative to accelerate connections. We have exceeded our target for the half-year period and we are on course towards the attainment of our annual target, which will positively impact the journey towards universal access to electricity by the year 2030," said Siror.
The power supply company managed to connect electricity to 256,206 new customers to the grid compared to their target of 225,000.
Siror further added that initially in October 2023, the total pending connections stood at 236,924 but were later cleared by new customer connections.
READ MORE
Constitutional and fiscal lessons from 2024 Finance Bill protests
Education PS flags possible scrapping of C4 schools
Witness says Bliss Hospital locked out Rex Masai during June 2024 protests
Jilted lover attacks woman in Bungoma
Pilot, co-pilot killed in LaGuardia runway collision
A free lecture for those who want professors to retire early
How NARC resuscitated imperial presidency that Kenyans loathed
KNEC opens KCSE registration for 8-4-4 candidates
He also faulted court battles to have hindered the procurement of meters and other materials for connectivity as a major cause for the backlog.
Kenya Power targets to connect 400,000 new customers to the national grid by the end of the Financial Year 2024.
The Company is also banking on the implementation of other projects such as the Last Mile Connectivity Project (LMCP) to achieve its annual connectivity targets.
How Treasury is edging out 'mama mboga' for banks
Kenya’s increased reliance on local borrowing is raising concerns that it is crowding out businesses and households from accessing credit, potentially slowing economic growth.Agoa renewal offers new chance to redefine Africa's place in global trade
As global markets retreat into protectionism and nationalist economic agendas, Africa must hold firm to its integration agenda.Iran war hits kitchens as shilling slumps, forex reserves dwindle
Shockwaves of the conflict are squeezing consumers already battered by years of economic hardship.China woos Kenyan producers with '800-million opportunity' as zero-tariff deal takes effect
China has unveiled a detailed plan to integrate Kenyan producers into its high-tech industrial chains.Co-op bank shares set for further gains on strong profit growth, lower rates
Tier one lender Co-operative Bank of Kenya (Co-op Bank) shares could rise nearly a quarter over the next 12 monthsMOST READ
- Agoa renewal offers new chance to redefine Africa's place in global trade
OPINION
By Paul Russo
- Iran war hits kitchens as shilling slumps, forex reserves dwindle
BUSINESS
By Brian Ngugi
- China woos Kenyan producers with '800-million opportunity' as zero-tariff deal takes effect
BUSINESS
By Brian Ngugi