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Kenya Power HY 2019
Ericsson
#241 Posted : Sunday, July 26, 2020 9:33:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,699
Location: NAIROBI
kmucheke wrote:
Save Kenya Power from collapse by Jaindi Kisero in BD.


Quote:
The previous board was mainly composed of cronies of influential politicians. Still, the problems at Kenya Power are so deeply ingrained.

The priority of priorities in Kenya Power is addressing balance sheet issues. The shareholders must to something very urgently to clean the company’s balance sheet.

Kenya Power is the only power off-taker for both KenGen and for the independent power producers. When it continues to ail, the ramifications are felt across the board.

Indeed, part of the reason Kenya Power is where it is today is because it — for political reasons — finds it difficult to operate on the basis of full-cost recovery. Failure to subsidise the social tariff has been a big impediment.

The new team can scale up drastically in reducing transmission losses, in reducing theft of electricity by consumers, in collecting debts and in curtailing corruption in procurement.

A great deal can be achieved by eliminating fiefdoms in the ranks of the workforce left by the out-going management and board and in re-introducing clear lines of command in the company. The list of what needs to be done to improve the company’s fortunes is long indeed.

...inject capital to recapitalise the company and consider forging an alliance with a strategic partner that can bring technical expertise and management.

In the long term we must debate whether it really makes sense for Kenya Power and other strategic commercial State corporations to remain listed on the stock exchange.

A monopoly that rakes in more than Sh130 billion a year in revenues, is broke and is now tottering dangerously.

If the government does not take drastic measures to bail out Kenya Power from its current situation, the company will collapse.


All the above issues are not new and the board has its work cut out.

However there still remains the problem of external political interference.


The board is a passive one,which is least involved.
Ericsson
#242 Posted : Sunday, July 26, 2020 10:18:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,699
Location: NAIROBI
Kenya power has disconnected power to the whole of Makongeni.
Extraterrestrial
#243 Posted : Monday, August 03, 2020 11:01:39 AM
Rank: Member


Joined: 11/17/2018
Posts: 147
Location: Mars
Interesting interview from Bernard Ngugi. He does inspire confidence. There are clearly concerted efforts to turn the utility around.

https://www.youtube.com/watch?v=y3SYYUsflsY
kmucheke
#244 Posted : Wednesday, August 05, 2020 4:56:22 PM
Rank: Member


Joined: 3/16/2019
Posts: 140
I don't believe Kenya Power trespasses private land without being aware. It is most likely the "victims" are in cahoots with some insiders to make a killing.

Even where there is no corruption KP officials should be found culpable for negligence.

This is why power bills will always be high and KP will never stop hemorrhaging money.


Power utility firms should avoid costly trespass suits

Quote:
The number of court fines slapped on Kenya Power and other public utility firms for trespassing on private land are becoming far too many and costly, adding unnecessary burden for the taxpayer.

In the latest case, the High Court on Monday ordered Kenya Power to pay a couple Sh40 million for trespassing into their land in Ngong area and erecting high power cables.

This is only one of the numerous rulings recently made against Kenya Power for trespass There are other suits still pending in court.

Unfortunately, such illegal actions do not just end with Kenya Power. The Kenya Electricity Transmission Company (Ketraco) and the Rural Electrification Authority (REA) have also faced court suits and fines for trespass.

Clearly this should be a cause of worry because a lot of taxpayer money continues to go down the drain in needless court fines and legal fees despite the existence of legal guidelines on how the utility firms should handle projects traversing private property.

Section 171 and 173 of the Energy Act expressly requires utility firms to seek consent from land owners before entering and laying cables or electric poles, petroleum or gas pipelines, or drilling exploratory wells.

Utility firms therefore have no excuse to continue contravening the law and causing unnecessary burden on the taxpayer through court fines and fees.

Rogue officials engaging in illegal action such as trespassing on private land should be reprimanded as a deterrent to others who may be tempted to do the same.
Monk
#245 Posted : Wednesday, August 05, 2020 5:44:16 PM
Rank: Member


Joined: 7/1/2009
Posts: 178
kmucheke wrote:
I don't believe Kenya Power trespasses private land without being aware. It is most likely the "victims" are in cahoots with some insiders to make a killing.

Even where there is no corruption KP officials should be found culpable for negligence.

This is why power bills will always be high and KP will never stop hemorrhaging money.


Power utility firms should avoid costly trespass suits

Quote:
The number of court fines slapped on Kenya Power and other public utility firms for trespassing on private land are becoming far too many and costly, adding unnecessary burden for the taxpayer.

In the latest case, the High Court on Monday ordered Kenya Power to pay a couple Sh40 million for trespassing into their land in Ngong area and erecting high power cables.

This is only one of the numerous rulings recently made against Kenya Power for trespass There are other suits still pending in court.

Unfortunately, such illegal actions do not just end with Kenya Power. The Kenya Electricity Transmission Company (Ketraco) and the Rural Electrification Authority (REA) have also faced court suits and fines for trespass.

Clearly this should be a cause of worry because a lot of taxpayer money continues to go down the drain in needless court fines and legal fees despite the existence of legal guidelines on how the utility firms should handle projects traversing private property.

Section 171 and 173 of the Energy Act expressly requires utility firms to seek consent from land owners before entering and laying cables or electric poles, petroleum or gas pipelines, or drilling exploratory wells.

Utility firms therefore have no excuse to continue contravening the law and causing unnecessary burden on the taxpayer through court fines and fees.

Rogue officials engaging in illegal action such as trespassing on private land should be reprimanded as a deterrent to others who may be tempted to do the same.


@kmucheke That's a very unfortunate mindset of blaming the victim; you seem to believe government & parastatal officials never overstep/abuse their powers - Lands, KRA, CBK, KEBS, Police, Judiciary etc. CBK recently did just that...should we blame Safaricom/Banks?
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