9th December, 2016
Kenya power aims to speed up the number of customers it adds to the grid in the year to June, as part of its plans to improve access across the nation where only two-thirds of the populations are connected. In the year to June 2016, Kenya Power Company added 1.2 million new customers to reach a total of 4.89 million. It aims to add 1.5 million new clients, including households and businesses, by the end of June 2017. Kenya power aims to secure additional revenue by leasing extra capacity on its fiber optic network, via its subsidiary Kenya power international. Fiber optic leasing earned Kenya power revenue of 259 million shillings in 2014/15, 271 million shillings in 2015/16 and this was expected to rise to 400 million in 2016/17.kenya power posted a pretax profit for the year to the end of June 2016 of 12.1 billion shillings, a fall of 1.4 percent.