Troubling Details on Faces Behind High Cost of Electricity in the Country

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Chrispen

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Friday, August 11, 2023 -It has been established that most Independent Power Producers IPPs are not well-known to the Kenya Power and Lighting Company KPLC.

The ongoing investigations into the high cost of electricity in the country established from the Business Registration Services BRS that the government agency does not know who are the real owners and shareholders of the company’s doing business with it – KPLC.

These IPPs have now been found to have been abusing freedom in the market to overcharge KPLC while selling them electricity.

This, in turn, is passed down on to the final consumers of power at heavy monthly charges in form of bills which most Kenyans have been complaining of.

The report also noted that these IPPs companies have been selling power to the distributor at inflated prices; which eventually burdens the consumers.

Business Registration Services BRS Director General Kenneth Gathuma confirmed that it was very difficult to authoritatively know the shareholders of the companies in question.

He shocked the Energy Committee when he confessed that he cannot ascertain who are the real owners of the IPP firms in the country.

It even shocked further when it was discovered that the identification numbers IDs of the said businessmen had not been captured in the business registration documents.

Their shares were also not well-indicated in the registration documents that were brought before the energy committee.

“Your information is not beneficial to this Committee. A lot of information is not captured in your documents. How do you run an organization registering companies and you don’t carry out due diligence of companies? Don’t you think you can register terrorists,” the committee’s chair Vincent Musyoka reacted.

Mr. Gathuma would then request the Committee to be allowed a little more time to go and try putting these documentation in order before he can come back after seven days.

Before leaving the chambers, he sought help from the MPs to help find more details with the Attorney General who is also well-placed to dig deeper into the shareholding of these questionable entities anonymously doing business with KPLC