Impunity wrote:Ericsson wrote:https://www.businessdailyafrica.com/corporate/companies/Corona-dims-Kenya-Power-s-Sh5bn-in-four-month-sales/4003102-5590834-yrvnl1z/inde
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Loss of revenue of ksh.5.5bn in the four months to June 30th due to COVID-19 corona.
Another KQ?
Too Mbig to fall.
Quote:He said out of Kenya Power’s 7.1 million customer base, six million are domestic customers consuming less than 100 units or Sh200 per month worth of electricity.
“In the months of March to June, we witnessed increase in electricity consumption of five per cent of domestic customers constituting six million. This in terms of revenue is about less than 10 per cent. About 90 per cent of Kenya Power revenue is from one million customers who are heavy commercial and SMEs,” said Mr Keter.
Commercial customers are ~1 million and contribute 90% revenue.
Domestic customers are 6 million and contribute less than 10% revenue.
As someone pointed earlier the last mile project may have been "noble" (may have been political) but financially unsustainable. They should have invested more in commercial power infrastructure and used a part of the proceeds for last mile.
KP and KQ are incommensurable. KP is the only power distributor and does not have any present or foreseeable future competitor.