The Kenya Private Sector Alliance (KEPSA) has weighed in on the Kenya Power and Lighting Company board fiasco.
In a press statement seen by Uzalendo News, KEPSA has called on the government to support the board in rooting out the rot in the loss-making powerhouse.
“The grim reality we must confront and accept is that KenyaPower is in deep financial trouble, trouble that has been building up over several years, and trouble which is caused by a variety of factors which can be summarised as mismanagement and poor governance.”
KEPSA says the rot in management has been instrumental in the rising cost of power, which has seen the cost of doing business skyrocket.
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“As a result of these failings, the cost of power has since grown by over 70 percent over the last decade, with severe impacts on the cost of doing business in Kenya and on Kenya’s international competitiveness, as well as placing a heavy burden on ordinary Kenyans’ cost of living and working.”
The KPLC board has been implicated by the electricity workers union, Kenya Electrical Trades, and Allied Workers Union (KETAWU) that it has failed to deliver at the institution.
The board is anticipated to provide information on a variety of topics, including the company’s financial performance, rumored infighting between the board and management, and relations with Independent Power Producers (IPPs).
The energy committee’s issues arise while the board is being investigated by the Ethics and Anti-Corruption Commission (EACC) for procurement irregularities and interference with management.
