fbpx

Systems Growth Driving Kenya Power’s Outcome

Systems Growth Driving Kenya Power’s Outcome

From ABN Digital

Kenya Power reported that its transmission and distribution costs increased by one billion Kenyan shillings for the year ending 30 June 2013.

The electricity retailer and distributor saw its transmission and distribution costs increase from 19.6 billion Kenyan shillings in 2012 to 21.1 billion Kenyan shillings in 2013.

“The expansion of the company’s electricity network and facilities to support increased demand and improvement of the quality of power supply, led to an increase in the transmission and distribution expenditure,” Kenya Power said.

“The increase is attributable to a rise in depreciation charges due to increased capital investment. The rest is due to operational expenses in line with the general growth of the business.”

Kenya Power also reported a drop in its revenue from 95.6 billion Kenyan shillings in 2012 to 88.9 billion Kenyan shillings in 2013. Fuel costs amounted to 32.2 billion Kenyan shillings in 2013.

“Fuel cost recoveries reduced by 24 per cent during the year under review. This is attributable to reduced generation from thermal plant, an increased generation from hydro plants,” the company said.

Read more at ABN Digital.