Wazua
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Kenya Power HY 2015 PBT up 53%
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off  Slight rain... A lot of ground to be covered.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 4/25/2012 Posts: 110
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mlennyma wrote:Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. A paradox indeed. I have not been going through KPLC financial reports, I wonder how much allowance for non-perfoming bills they put therein and by extension how we should intepret their profit figures. I can see that QVituVingiSana had similar concerns. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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KP doing a great job to curb theft. They're erecting the street lights next to live wires on the concrete poles “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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Kastone wrote:KP doing a great job to curb theft. They're erecting the street lights next to live wires on the concrete poles Too bad KPLC isn't (officially) allowed to create live boxes around transformers... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. My prepaid meter died. I was told i have to part with 2500 otherwise i will wait for a very long time for another one. Thats why i cant invest in this company, Now imagine the corruption that goes on that we cant know about The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Aguytrying wrote:mlennyma wrote:Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. My prepaid meter died. I was told i have to part with 2500 otherwise i will wait for a very long time for another one. Thats why i cant invest in this company, Now imagine the corruption that goes on that we cant know about the company is rotten but survives on monopoly, another telcom kenya.what used to happen in telkom kenya was transferred to kenya power upto today. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:Aguytrying wrote:mlennyma wrote:Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. My prepaid meter died. I was told i have to part with 2500 otherwise i will wait for a very long time for another one. Thats why i cant invest in this company, Now imagine the corruption that goes on that we cant know about the company is rotten but survives on monopoly, another telcom kenya.what used to happen in telkom kenya was transferred to kenya power upto today. They better take note of what happened to telkom. It may happen to them in future The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Aguytrying wrote:mlennyma wrote:Aguytrying wrote:mlennyma wrote:Cde Monomotapa wrote:A paradox indeed, the pre-paid meters. As much as retail consumers are the majority, industrial users are the bulk payers. I thought this would be great for them? The issue of unpaid bills is real, those figures seem bigger than energy lost on transmission! Stima mwitu is rampant too and I think is the main cause of slum fires. I guess the trick to that, can't remember the Op. name, needs to be relooked as well. 37Mn Kenyans to go to...or is it 100s billions of Africans in need of electricity. As I write this lights are just flickering on and off Slight rain... A lot of ground to be covered. efficiency in kplc is more like gvt than a private company,thats why power theft and bribery for services are like legal acts. My prepaid meter died. I was told i have to part with 2500 otherwise i will wait for a very long time for another one. Thats why i cant invest in this company, Now imagine the corruption that goes on that we cant know about the company is rotten but survives on monopoly, another telcom kenya.what used to happen in telkom kenya was transferred to kenya power upto today. They better take note of what happened to telkom. It may happen to them in future The day another power company is let to run am dumping all my stocks! Otherwise, monopoly 37% penetration, more factories and malls setting up, lots of upside
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:And has KPLC accounted for the non-collectible receivables?
How bad are these OVERDUE Bills?
Many of those who have not paid have probably accumulated these over many months. And these amounts e.g. an estimated 1bn for Mumias cannot be collected thus requiring a write-off. Nothing to worry. ALL bills outstanding over 30 days are FULLY provided for.
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