{"id":16452,"date":"2020-10-24T20:40:28","date_gmt":"2020-10-24T20:40:28","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=16452"},"modified":"2020-10-24T20:40:28","modified_gmt":"2020-10-24T20:40:28","slug":"energy-suppliers-gain-as-kenya-power-limps","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps","title":{"rendered":"Energy suppliers gain as Kenya Power limps"},"content":{"rendered":"

Author:\u00a0MACHARIA KAMAU<\/strong>
\nAfricaPress-Kenya:<\/strong> The Lake Turkana Wind Power (LTWP) became the third highest paid electricity producer in Kenya in its first year of operations.<\/p>\n

The firm, which operates a wind farm in Marsabit County, earned Sh11 billion in the year to June 2019 from the supply of electricity to Kenya Power.<\/p>\n

LTWP started operations in October 2018, which means it could have made more from supply of power to the national distributor had it covered a full financial year (July 2018 to June 2019).<\/p>\n

The highest paid producers were KenGen, majority owned by the government, and OrPower 4 owned by the US firm Ormat Technologies and producing power in Olkaria using geothermal, according to Kenya Power financial results.<\/p>\n

KenGen earned Sh47.3 billion split into Sh36.89 billion as non-fuel cost and Sh10.47 billion for fuel costs.<\/p>\n

Non-fuel costs cater for among other things electricity a plant produces and sells to Kenya Power. Fuel costs are paid to power producers running thermal plants to compensate them for fuel cost.<\/p>\n

OrPower 4 was paid Sh12.58 billion during the year.<\/p>\n

Kenya Power attributed the surge in the amount of power being fed to the national electricity as among the factors that led to decline in its profit for the year.<\/p>\n

Non-fuel costs went up to Sh76.73 billion as of June 2019 from Sh64.83 billion in June 2018.<\/p>\n

The company reported a profit after tax of Sh261 million in the year to June 2019 from Sh3.26 billion a year earlier.<\/p>\n

\u201cOur trading performance fell short of our expectations due to an increase in energy with the expanding renewable capacity,\u201d said the company in its annual report.<\/p>\n

It added that more renewable energy was aimed at enhancing the company\u2019s sustainability and make power affordable for all Kenyans while reducing dependency on thermal generation.<\/p>\n

While there was a general reduction in the money paid to thermal power plants, they still made a substantial amount.<\/p>\n

Among the top earners were Uganda Electricity Transmission Company, which earned Sh3.86 billion in both non-fuel and fuel costs by exporting power to Kenya.<\/p>\n

Iberafrica earned Sh3.98 billion while Rabai Power was paid Sh3.8 billion, Tsavo Power Sh3.67 billion and Thika Power Sh3.5 billion.<\/p>\n

Kenya Power published its results for the financial year to June 2019 belatedly following a delay in hiring the Auditor General, who has to go through the company\u2019s books before they are made public.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author:\u00a0MACHARIA KAMAU AfricaPress-Kenya: The Lake Turkana Wind Power (LTWP) became the third highest paid electricity producer in Kenya in its first year of operations. The firm, which operates a wind farm in Marsabit County, earned Sh11 billion in the year to June 2019 from the supply of electricity to Kenya Power. LTWP started operations in […]<\/p>\n","protected":false},"author":84,"featured_media":16448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2420,6216],"class_list":["post-16452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-kenya-power","tag-lake-turkana-wind-power"],"yoast_head":"\nEnergy suppliers gain as Kenya Power limps - kenya<\/title>\n<meta name=\"description\" content=\"The Lake Turkana Wind Power (LTWP) became the third highest paid electricity producer in Kenya in its first year of operations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy suppliers gain as Kenya Power limps\" \/>\n<meta property=\"og:description\" content=\"The Lake Turkana Wind Power (LTWP) became the third highest paid electricity producer in Kenya in its first year of operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-24T20:40:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/energy_suppliers_gai5f931bdedb6b2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Energy suppliers gain as Kenya Power limps\",\"datePublished\":\"2020-10-24T20:40:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\"},\"wordCount\":395,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/energy_suppliers_gai5f931bdedb6b2.jpg\",\"keywords\":[\"Kenya Power\",\"Lake Turkana Wind Power\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/energy-suppliers-gain-as-kenya-power-limps\",\"name\":\"Energy suppliers gain as Kenya Power limps - 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