Kenya Power will leverage on new business frontiers to sustain profitability, grow shareholders' value and safeguard the Company's position as the leading energy utility in the region.
The company intends to actively seize opportunities for sale in the areas of electric mobility, e-cooking, energy storage and decarbonisation as guided by its five-year Strategic Plan for 2023-2028.
"The last few years have seen us position the business on a firm growth trajectory through our focus on sales growth, improving revenue collection, reducing order to propel the business to the next phase of its growth," Kenya Power managing director Geoffrey Muli said.
Muli said the company has set aside Sh40 million to purchase 50 electric motorbikes.
He said they have also purchased three electric vehicles and constructed three electric vehicle charging stations for their use, data collection and demonstration purposes.
"We are working with the various stakeholders in the e-mobility space to develop a framework for the adoption of electric vehicles in the country," he said.
"Being the country's electricity retailer, it is very important that we are at the centre of e-mobility conversations to enable us to prepare adequately to support the nascent industry, which has immense potential to safeguard Kenya's position as the economic hub of the region."
Kenya Power has established an E-mobility Liaison Office which is mandated to develop a strategy to guide the Company's participation in e-mobility.
The office also facilitates the company's engagement with other stakeholders in e-mobility.
"To promote clean cooking sing electricity, Kanya Power is working with various organisations that are involved in the e-cooking value chain, including manufacturers of modern electricity cooking gadgets to carry out customer education on cooking with electricity," he said.
