Kenya Power

Ever curious about where the electricity that powers your everyday life comes from? Watch how the Ministry of Energy and Petroleum fosters collaboration amongst the sector agencies to make this happen. #PoweringKenyans ^OS

Today, the Board of Directors and the Executive Committee visited the Sosian Menengai Geothermal Power Plant based in Menengai, Nakuru. The plant is owned by independent power producer Sosian Energy, which the Company has contracted to supply 35 MW of power in a 25-year deal. This power purchase agreement, which was effected in 2023, significantly boosts the Company’s efforts to embrace more green energy. The Menengai geothermal field is a significant addition to Kenya’s diverse electricity mix, where most energy comes from renewable sources such as wind, solar, geothermal, hydro, and biomass.

A promise is indeed a debt, and our Kapsokwony team delivered a promise to Chebikati Primary - crossing bridges, streams, and every challenge in between. Our #PoweringKenyans mission drives us to go above and beyond, lighting the way for communities across Kenya. Huge appreciation to the team for their unstoppable spirit and dedication in making this vision a reality!

Yesterday, we held a Breast Cancer and Mental Health Awareness Prayer Day at Stima Plaza, Nairobi. We were honoured to have our MD & CEO, Eng. (Dr.) Joseph Siror, as the Chief Guest whose inspiring words on perseverance and supporting those battling cancer reminded us of the importance of community and compassion. With the theme “Your Health, Your Wealth,” we came together to raise awareness and support one another in the fight against breast cancer. Let’s continue to prioritize our health and uplift those around us. #BreastCancerAwareness

As we celebrate the Festival of Lights, may your homes and hearts be filled with warmth, happiness, and prosperity. Happy #Diwali!

A video recap of the announcement of our financial results for the year ended 30th June 2024. #KPLCFinancialResults2024

"We are investing in our grid through targeted refurbishment and maintenance to improve reliability and efficiency for our customers, which has positively impacted overall business performance. Our investment strategy has also been refined to focus on the most critical and high-yield projects, ensuring that each investment advances our mission of providing reliable, high-quality service while optimising resource allocation." —General Manager, Finance, Stephen Vikiru. Watch the full interview: https://lnkd.in/draNDkvP #KPLCFinancialResults2024

During the year ending June 30 2024, we realised a net profit of KShs.30 billion. This achievement was driven by a 21% increase in electricity sales, equivalent to KShs.231.12 billion, resulting from our commitment to connecting 447,251 new customers to the grid and our response to growing economic activity, especially in the manufacturing sector.💡 Our Commercial and Industrial, and Domestic customer categories showed remarkable growth rates of 5.1% and 5.5%, respectively. Despite power purchase costs increasing to KShs.150.61 billion, we effectively managed our expenses, leading to a higher gross margin. Speaking during the results announcement, our Managing Director and CEO, Dr. (Eng.) Joseph Siror highlighted that the strengthening of the Kenyan Shilling and effective cost management strategies supported our financial success. ⚡ We remain focused on financial sustainability, operational excellence, and customer-centric initiatives. We are committed to implementing high-impact projects and fostering a culture of excellence within our workforce.  #KPLCFinancialResults2024 💡⚡

Join our General Manager Finance, Stephen Vikiru, on NTV tonight, from 7:30 PM, as he discusses the Company’s full-year earnings with host Julians Amboko. Don’t miss this in-depth discussion on the #KPLCFinancialResults2024, shedding light on performance and future insights.

Kenya Power announces KShs. 30 Billion in net profit for the financial year 2023/24. Performance highlights: ⚡ 21% increase in sales to KShs. 231.12 billion. ⚡ 447,251 new customers connected to the grid. ⚡ KShs.24.84 billion decrease in finance costs. ⚡ Commercial and Industrial and Domestic customer categories recorded the highest sales growth, at 5.1% and 5.5%, respectively. ⚡Working capital has improved from negative 75 billion in the FY 2019-2020 to negative 27B in the year #KPLCFinancialResults2024