Kenya Power and Lighting Company, commonly referred to as Kenya Power, has accumulated nearly 9 million customers with about 641,000 added in the six months to June 2022.
According to data from the country’s statistics office; Kenya National Bureau of Statistics (KNBS), KPLC had amassed 8.91 million customers as of June 2022, a growth of 7.7 percent compared to 8.27 million customers recorded as of June 2021.
What is driving Kenya Power Growth in Customers
The growth in KPLC customer numbers is attributed to aggressive roll out of the Last Mile Connectivity Project, a Government of Kenya programme which started in 2013 with the aim of facilitating the objective of affordably connecting Kenyan households to the national network grid.
Listed on the on the Nairobi Securities Exchange (NSE) under the ticker KPLC, the company has been implementing a turnaround strategy and posted a pre-tax profit of KSh 5.659 Billion in the half year trading period ended 31 December 2021, compared to KSh 332 Million realized in a similar period in 2020.
Kenya Power has recently revived its bid for a review of electricity prices months after power charges were slashed by 15 per cent. The utility firm will submit a new tariff application to the Energy and Petroleum Regulatory Authority (Epra) between October and December.
Kenya Power owns and operates most of the electricity transmission and distribution system in the country. The firm’s electricity revenue grew to KSh 69.447 Billion as of 31st December 2021.