Nairobi, 21st December, 2018………Kenya Power will deepen engagements with electricity sector players in seeking to harmonise and adopt an optimal generation expansion programme for the medium term.
Kenya Power’s Chairman Amb. (Eng.) Mahboub Maalim said this will enable the Company to review the energy supply and demand situation and make appropriate decisions. He was speaking at the Company’s 97th Annual General Meeting (AGM) that was held at the Safari Park Hotel today.
“There is need to ensure that we always maintain a reasonable demand supply balance to keep our tariffs at optimum level for sustainability. We will be more careful before allowing new power purchase agreements. This will help the sector to avoid developing excess capacity which leads to undesirable high tariffs,” he said.
The country’s power generation capacity has expanded considerably in recent years owing to investments in generation by both public and independent power generators. However, delays in planning and implementation of transmission projects have in some instances hindered effective absorption of this capacity into the grid.
“The Board and Management will continue to work together to strengthen the Company’s internal controls, strive for the highest ethical business standards and improve service delivery to customers and grow shareholder value,” said Amb. (Eng.) Maalim.
The Company has revised its Five-Year Strategic Plan (2018/19 to 2022/23) to align its operations to the changing business environment and meet the needs of the customers and other stakeholders.