Kenya Power exceeds connections by 14 per cent

Business
By Sharon Wanga | Feb 20, 2024
Kenya Power CEO Joseph Siror. [Denis Kibuchi, Standard]

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.

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.

Share this story
Tourism week ends with calls to revise park fees
As the Kenya Tourism Board Week come to a close, it has been revealed that the sector that had earlier been affected by a number of crises in recent years has improved tremendously.
Helb CEO Geoffrey Monari feted for financial governance
The award from the Office of the President and Head of Public Service was in relation to the Auditor General’s opinion for the 2023-24 financial year.
Christmas comes early for borrowers as banks cut loan rates
Equity Group, KCB Group, and Absa Bank Kenya, notified customers of the reduction, which aligns with a 25-basis-point cut in the Central Bank Rate to 9.0 per cent 
Tanzanian firm Amsons eyes Kenya's renewable energy sector
Amsons Group has said it plans to venture into Kenya’s energy sector as it seeks to deepen its foray in the country following the acquisition of Bamburi Cement and a controlling stake in EAPC. 
AfDB, KCB in Sh19b deal to boost economy
The deal, announced on Thursday, is designed to increase the flow of capital to projects that support environmental sustainability, commonly referred to as green finance.
.
RECOMMENDED NEWS