I was looking thoroughly at their five year corporate strategic plan 2011/2012 to 2015/2016(i had posted the link sometime back) and looking at their distribution plans the 9b rights looks like will be spent in year, their funding needs are big if they are to improve on efficiency. In as much as they are improving access by bring more small customers their projected electricity sales in GWh will only double in five years to 10000 GWh.

I'm just adjusting my portfolio and placing capital in sectors i feel will achieve much faster growth. KPLC just didn't meet the cut it's now a spare wheel on my portfolio

What doesn't make sense is the projects for the 9b just sufficient for establishment of a few substations, limited upgrading and pre-paid metering system. The real projects that will give it efficiency will need more funding which will come from borrowing mostly based on sovereign guarantee which was a requirement from the new IPPs. I would rather lend KPLC than be a shareholder

Even WB would buy this one...a monopoly providing a crucial service. This trend of hiring consultants to enable the KCBs and KPLCs of this world to improve efficiency is a good move. WB would discourage it though. He hates consultants but he clearly has not seen how state companies are run here. The lesser of two evils if you ask me and ID rather the consultants. Like I said before Ill buy at anything below 22. Cash is becoming a BIG issue now since I can see KK is slipping too

Dividend imelipwa? Ndio ama la???

Thanx @Merchant....was getting worried since the payment date was supposed to be 31st May.