For every Sh100 customers pay for electricity, Kenya Power Managing Director Joseph Siror says the company only gets Sh2 or less as profit.
Siror on Thursday said of the amount, about Sh20 goes to Kenya Power where it is supposed to cater for expenses incurred by the utility firm in discharging its services to Kenyans.
The bulk of the money, he said, goes to the generation of electricity.
“For every Sh100 that you pay in the bill, 65 per cent goes to generation. What only possibly comes to Kenya Power is Sh20. Of the amount, it might be 10 per cent of that is the profit that Kenya Power makes. It could sometimes be even lower,” he said in an interview with Citizen TV.
According to Siror, the amount netted as profit if invested in millions as capital might be recovered in the long run.
He said the surest way to ensure Kenya Power nets more profit is by having more connections in the country.
He at the same time weighed in on disparities in payment of electricity installation services saying a lot of factors come into play.
“Kenya Power operates as a commercial entity but there are those other programmes which the government does under the recognition of the importance of power and they normally come under the Last Mile scheme,” he explained.
“There is no provision for the cost that one would incur in putting the transformer; it would have come directly from Kenya Power resources.”
