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KEPSA wants KPLC’s Rot Cleaned up Urgently

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KEPSA wants KPLC’s Rot Cleaned up Urgently

KEPSA CEO Carole Kariuki

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The Kenya Private Sector Alliance (KEPSA) pleads for urgent clean-up of the rot at the troubled Kenya Power and Lighting Company (KPLC).

In a statement, KEPSA says a radical surgery of KPLC  is necessary to restore order, efficiency, and accountability at the cash-strapped state corporation.

However, KEPSA is cognisant of the challenges of strong opposition from those who stand to lose from saving the company that stands in the way of the company’s revival.

Further, KEPSA says it has observed a keen sense of urgency in the board about dealing with the challenges, vowing to give it time to deliver on its turnaround strategy.

Kenya Power is in deep financial trouble, trouble that has been building up over several years, and trouble caused by a variety of factors which can be summarised as mismanagement and poor governance.

read part of the letter.

 The power distributor’s recovery plan has four fundamental components.

The components include the institution of a debt-restructuring program and a substantial reduction of the energy system.

 And enhanced customer experience as well as employee performance.

 Additionally, the Alliance notes that restoring Kenya Power’s fortunes falls squarely within these wider national goals for our public sector utilities.

The calls come amid the ongoing investigations by the Ethics and Anti-Corruption Commission over mismanagement of the company.

https://254news.co.ke/kplc-board-members-face-summoning-over-mismanagement/

KEPSA recognized the crucial role that adequate and affordable power supply plays in the Kenyan economy and enabling the production of goods and services in all sectors.