What the DCI is ostensibly not telling us is that a number of key gate keepers either slept on their jobs or abated these orchestrated economic crimes. For example, what is the role of Internal Audit units at Treasury and KPLC?
Have we really seen the last of such fraud?It is interesting that everytime there is an issue, another one seems to crop up and attention is shifted to the fresh "flavor of the month". Think about it...just the other day attention was focused on a governor from Rift Valley participating in uprooting tea from private land...then VP "assassination" allegations come up (The governor in question is coincidentally a strong supporter of the VP)...now KPLC (once again)...what next?

I suppose that these guys are not in a position to come and rescue us in kplc. We are in for the long haul..

https://www.cnbc.com/201...-on-its-accounting.html

https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with

Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.

This is a worldbank supported project, to be operated by KPLC, though owned by REREC on behalf of the government, KENYA OFF GRID SOLAR PROJECT.

Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh

It's really that simple!

Small correction. Units sold is less power transmission losses. Correct figure is (Power Purchase costs/Units bought)

KShs 84.1 bn / 9,962 GWh = Sh8.44/kWh <-- Note 7. Power Purchase costs


Using Non-fuel costs in 2018 for OrPower 4 Inc (geothermal) who don't have a fuel cost part.

Power Purchase cost/Units bought: KShs 11,438,108,000 /1,185 Gwh = KShs 9.65/Kwh

Point is KPLC Power Purchase costs have increased. While in 2018 cheap Hydro will subsidize their cost in 2019 there is a big bump of 310MW from LTWP at around Sh 11/Kwh + Ketraco delays penalties in connecting LTWP + increased thermal due to reduced hydrology in 2019 (failed rains). The money has to come from somewhere. If GoK does not plug in to subsidize Lifeline + industries KPLC is not sustainable.

iishe. I am no expert in calculating the figures and the figures are not the issue. The issue is KPLC Power Purchase are up with no corresponding increase in power selling price so profits will dip. They can reduce expenses but what are the chances they will?

we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.

Damn, it's that bad!