Kenya Power chief executive Bernard Ngugi. FILE PHOTO | NMG Parliament has directed Auditor-General Nancy Gathungu to order all parastatals under the Ministry of Energy including Kenya Power and KenGen to stop hiring private auditing firms. The National Assembly raised the red flag that State corporations under the Energy docket continue to advertise for external […]
Nairobi — Kenya Electricity Generating Company PLC (KenGen) has started drilling the first geothermal well for Ethiopia Electric Power (EEP) company, setting in motion Phase II of the Sh7.6 billion contract. KenGen Managing Director and Chief Executive Officer Rebecca Miano through a statement said the works began over the weekend where the company drilled 29 […]
Technicians repair power lines. FILE PHOTO | NMG Loss-making Kenya Power plans to lay off an unspecified number of employees from its 10,481 workforce to cut costs as part of a fresh plan to return to profitability. The electricity distributor says the move is informed by its current financial challenges which has affected its ability […]
Kenya Power workers. FILE PHOTO | NMG Kenya Power has made a U-turn on plans to lay off an unspecified number of employees from its 10,481 workforce in a bid to cut costs as part of a fresh plan to return to profitability. Managing director Bernard Ngugi said in a statement to staff on Friday […]
Kenya Airways Boeing 737-800 © Tis Meyer (PlanePics.org) The International Monetary Fund (IMF) has asked Kenya’s National Treasury to limit its support to struggling state-owned enterprises (SOEs) such as Kenya Airways , as part of new conditions for approving USD2.34 billion worth of Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements for the […]
Treasury Cabinet Secretary Ukur Yatani has moved to arm the taxman with a new weapon to help it get difficult taxpayers to pay their fair share of taxes. In the Finance Bill 2021, Mr Yatani wants to empower the Kenya Revenue Authority (KRA) to seek help from other authorities for tax collection. One of the […]
The National Treasury will get Sh1.3 billion in power producer Kenya Electricity Generating Company dividends in a year the government has struggled to collect taxes as a result of the coronavirus scourge and related economic downturn. At the firm’s annual general meeting on Thursday last week, shareholders voted to increase the dividend per share to […]
The government says it will ensure that Kenya Power #ticker:KPLC pays its debt to KenGen #ticker:KEGN and other power producers, responding to concerns that the electricity distributor’s default could hurt the entire supply chain if it is not resolved in the near term. KenGen, whose sole customer is Kenya Power, had not been paid Sh23.9 […]
The Kenya Pipeline depot in Embakasi, Nairobi. PHOTO | FILE Recently, the government unveiled a licensing policy that will require telecoms firms to have local ownership of at least 30 percent within the next three years. Despite local ownership requirement regulations sounding progressive, many times they are just ambiguous. Let’s take the case of Airtel […]
A Kenya Power technician inspects a line. FILE PHOTO | NMG Loss-making Kenya Power got a huge reprieve after the Ministry of Energy announced it will restrict Kenya Electricity Generating Company (KenGen) plans to sell power directly to consumers. State-owned Kenya Power has a monopoly on power sales, but the Energy Act 2019 provides for […]
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