@angelica_ann
If you read the article the increment is to pay for orpower new geothermal unit that sold electricity to kplc yet it had no agreed tariff with ERC.
On the issue we are producing more power than we can consume; that is the truth and we are now beginning to see the effects .As a country we need to encourage more consumption or have expensive bills

@VVS
SGR is diesel powered.Electricity is for the sub stations

Folks are fed up of KPLC and where possible reducing their reliance on KPLC. Savings of 20% over KPLC.

http://www.businessdaily...53498-i8cuam/index.html

Now Chumo retires.

https://www.standardmedi...chumo-exits-kenya-power

Being a boss in some of these GK associated firms is really a big task.

Though this guy and KP say that it's age-retirement, I am suspecting he had quite some pressure from 'some parties'.

As soon as you take up some of these jobs there is pressure to conform to cartels, otherwise they start planning for your succession by a more friendly party.

I wonder who will sit on the seat next.

It's the law to retire from a parastatal when one turns 60. I don't think it makes sense if the person has/can perform. I think corruption is rife in KPLC but we don't see it on the surface. I am not going to invest in KPLC except for a few shares I already hold and bought a loooong time ago! I have to admit, I don't even know why I haven't sold them.

2017 resolution is to sell off all "stray" shares I have & stick to my "core" holdings.

SoS. ,
Fyatu, the driver to that car begun a journey without enough supplies and now I understand they are stuck somewhere in Sinai desert. Romours reaching us are that also the driver might have deserted the cosignement. Tell us, if you are a passenger, how are things there?

@Muandiwambeu...Yes i am a passenger there. Got in at ksh.6 when they sold us the oil and gas play in Africa and the vision of Ethiopia's emerging middle class, their drinking habits and the demand for sexy beer bottles. They also had a very healthy balance sheet with lots of cash-in-hand. It is my second burning at the NSE after TCL burnt me bad.@vvs, i will get in touch with my broker to see whether i can salvage the crumbs left

Kenya Power’s huge appetite for debt is a recipe for disaster

http://www.nation.co.ke/...html-8c48rrz/index.html

According to the company’s 2016 annual accounts, borrowing ballooned to a massive Sh105 billion last year, causing finance costs to hit the roof. It is not incredible that one local commercial bank is exposed to Kenya Power to the extent of a massive Sh50 billion

At the end of 2015, Kenya Power was sitting on a cash pile of Sh28 billion, which has dwindled to a mere Sh5 billion at the end of last June. Profit before tax is stagnant and revenues have not grown at par with the speed of new customer connections.

How is this company paying as financing costs or interests on loans for such huge debts that are adding nothing to the declining bottom lines. This is a jinxed one. How could profits decline in a lean year of production with cheaper geothermal power is still rocket science to me. Squirl must have a way of learning how not only to eat maize but power moni too. Asked what is happening, I would say this is terribly indicated being a monopoly. Reminds me o telekom, pothita and the lest forgotten dynosars of the time.
A freaky boat to ride,