Higher electricity sales boost Kenya Power profit by 5.5%

According to the electricity provider, the 5.5% increase from Ksh.14.06 billion in 2024 was due to higher electricity sales and reduced finance costs. This, KPLC said, was supported by higher electricity demand and improved distribution efficiency. 

The revenue from electricity sales during the period increased by 6.9%, from Ksh.107.42 billion to Ksh.114.87 billion. 

During the financial year, KPLC says there was high electricity demand, leading to a Ksh.5.33 billion increase in purchase costs. Total energy purchases increased by 8.3% to 7,807 GWh while borrowing reduced by 6% to KShs.84.23 billion.

“We saw the total electricity unit sales increasing by 10.5% to 6,086 GWh, while distribution efficiency improved from 76.35% to 77.97%, reflecting enhanced network performance and loss reduction initiatives,” said Kenya Power Managing Director & CEO, Eng. Joseph Siror.