In East Africa, Kenya’s national power utility, Kenya Power, has released its financial performance report for the year ending 30 June 2016, which highlighted that 2,341MW of capacity has been installed to date.
The power utility’s managing director, Ben Chumo, noted that the company has signed a total of 35 power purchase agreements (PPAs) for generation projects with 45 PPAs queued for approval.
Kenya Power profits up
The utility has recorded $118 million in profit pre-tax for the year ended 30 June 2016.
According to Chumo, the level of profitability has been achieved as a result of the sustained favourable business environment, the utility said in a statement last week.
The MD noted that there was increased focus and capital investment in network expansion and refurbishment. There has been 4,771km of new low voltage lines that have been added to the network; 6 substations and associated lines underwent pre-commissioning tests; there was a total of 51 new and upgraded substations; and 4,209km of new high and medium voltage power lines.
Power outages and system losses
The report documented a 2% increase in system losses to 19.4%, due to increased customer connections and rapid grid expansion.
The customer base grew by 1.2 million (35%), of which new connections include 7,402 public primary schools.
Customer interruption incidences decreased by 31.5% from a high of 7.49 per 1,000 customers at the beginning of the year to a low of 5.13 per 1,000 customers at the end of the year.
Chumo claims that Kenya’s electricity supply is among the most stable in East Africa and better than the Sub-Saharan Africa average.