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    Vandalism leads to KSh60 million loss for Kenya Power

    Wandiri
    By Wandiri Gitogo
    - August 16, 2019
    - August 16, 2019
    Kenya Business news
    Vandalism leads to KSh60 million loss for Kenya Power

    Since the start of 2019, Kenya Power has lost approximately KSh60 million to criminals who steal and destroy street light infrastructure.

    The highest cases of vandalism have been reported in Kirinyaga, Murang’ a, and Kiambu counties. Criminals steal streetlights bulbs and other electric parts at night.

    Kenya aims to be a 24 hour economy, but with the criminals destroying important infrastructure, the plan is not achievable.

    An official at Kenya Power said that the company intends to spur economic growth in counties by providing power and lighting throughout the day but vandalism is pulling them back.

    Some of the measures that have been put in place to minimize vandalism include stiff penalties for people who steal Kenya Power equipment.

    According to the power company, as many as 73 transformers have been stolen since the year began. The value of the transformers is KSh20 million.

    The stealing and destruction of Kenya Power property negatively affects the firm’s profitability due to loss of revenue and increased infrastructure expenses.

    Related:

    Kenya Power Reports 16% Half Year Profit Slump

    Kenya Power Issues Profit Warning as Share Price Hits Record Low

    The Kenyan Wall Street

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