Jitters as electricity sales to new customers dip by Sh1bn
Nairobi, Sept. 27 -- Revenue from electricity sales to new Kenya Power customers dropped by Sh1.07 billion in the year to June despite increased connections, signalling slowing economic expansion and increased adoption of off-grid solar alternatives.
Official data shows that Kenya Power's new customers consumed 161.7 Gigawatt-hours (GWh) in the year to June, marking a 20 percent drop from 202.98 GWh a year ago, pulling down revenues from this customer segment to Sh4.05 billion from Sh5.12 billion in the previous period, or a 26.41percent drop.
Published by HT Digital Content Services with permission from Business Daily....
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