Saw Keter clap so hard. This one is finished, let us compare at half year results

My thinking with Kenya Power's liquidity crisis e.g not able to pay KenGen 6B withing agreed credit period:

1. For the last mile project Kenya Power has used it's internal funds to fund it as probably Govt has not transferred promised cash and had to be accelerated to deliver votes.

2. Kenya Power ha used internal funds for the 'Stima mtaani' project where it is putting up street lights all over the country's major towns and Govt has paid promised funds.

3. The Govt/counties probably hasn't paid the Electricity used up in the streetlights project

4. last few months Kenya Power been changing meter numbers in a very disorganized way which is affecting payments for postpaid bills.

There must be some subsidy GOK will pay KPLC for the 50% off-peak tariff reduction. I see no other way for KPLC to make a profit or even break even because the tariff price is below market price for Kwh unit. And the way GOK works it will delay that subsidy so not looking good for Kenya Power and in turn KenGen who will not get paid by Kenya Power.

Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!!

Current liabilities is kshs 75,258,000,000.Finance cost was kshs 5,651,000,000.These means they cant pay the ksh 6.4 billion in lumpsum.It will have to be added under non current liabilities which is kshs 196,433,000,000 and be paid in installments.

http://www.businessdailyafrica.com/corporate/companies/Shareholders-vote-Marende-off-Kenya-Power-board/4003102-4227950-2dplcuz/index.html

that was a good move from shareholders.Political appointees dont add value to a business.

@Ebenyo...I agree political appointees rarely add value to a business, but the largest shareholder in KPLC is GoK...hence appointment of Zipporah Kering - a failed politician (at least at the 2017 Jubilee nominations) - should give minority shareholders sleepless nights, as did one of her predecessors, Chesiyna - who failed in the 2013 nomination but succeeded in the 2017 one...

Dynamic duo keeping their promises of jobs for the boys (and girls) who failed in the Jubilee nominations...

https://www.businessdailyafrica.com/economy/Kenya-Power-reveals-Sh3-3bn-subsidy-cheap-connections/3946234-4237380-9rlvpk/index.html

https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html

Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.

Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.

The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.

About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.

Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period.

A government monopoly company will always have the last laugh ,the people will always pay for any damage