By June 2020, @kenyapower owed
-Sh23.7B to @KenGenKenya
-Sh19.48B to IPPs
-Sh4.67B to @KETRACO1
The electricity sector is a hotbed of theft. MES & #Covid19Millionaires look tame by comparison.
WaKenya could lose up to Sh6T!
#SwitchOffKPLC
(thread)
businessdailyafrica.com/corporate/comp…
2. Broadly, @KenyaPower owes Sh65B & anticipates Sh29.5B from consumers & the govt.
Q. How does a de facto monopoly FAIL to be profitable?
A.The trinity of generation+transmission+distribution/sale
is for the profit of a select, politically connected group.
#SwitchOffKPLC
3. Tariffs - under the corrupt & watchful eye of @EPRA_Ke - will remain high because parastatals & IPPs are OVERSUPPLYING electricity .
We pay for UNUSED electricity through rigged Power Purchase Agreements & yet more bleeding via the happily corrupt @KETRACO1.
#SwitchOffKPLC
4. @EnergyMinK oversees this corruption with the full blessings of @StateHouseKenya & complicity of the 'brown-envelope' National Assembly+Senate.
The Least Cost Power Development Plan (LCPDP) 2017-2037 details the stealing plans incl. 'clean' energy & nuclear.
#SwitchOffKPLC
5. So, @KenyaPower with its conflict-of-interest Board where the PS @EnergyMinK also sits, cannot be profitable because it carries the burden of a chain of corrupt practices.
On top of this, KPLC has also stolen Sh150B from itself according to @DCI_Kenya Kinoti.
#SwitchOffKPLC
6. The energy cartels poured money to shut down Petitions 6 & 59 in Oct/Nov 2018.
Since Dec 2018, #EJ6 @WanjeriNderu @hotshotcreative @KingFredAsira @eva_m_mutua & James Gitau have been fighting to reopen the two petitions.
These petitions will change our lives.
#SwitchOffKPLC
7. The Judiciary @Kenyajudiciary @dkmaraga should be BOLD enough to withstand cartel pressure; & rely on fidelity to the COK + the rule of law.
WaKenya will then enjoy affordable electricity, which will stimulate the economy & increase the Ksh in Wanjiku's purse.
#SwitchOffKPLC
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