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Kenya Power cuts losses by 7.3pc period ended May 2017

BY Soko Directory Team · July 24, 2017 09:07 am

Kenya Power Company (NSE: KPLC) cuts system losses by 7.3 percent from 19.2 percent to 11.9 percent in the period ended May 2017 underlining efficiency gains in power transmission and distribution.

Data from the Kenya National Bureau of Statistics (KNBS) estimates peg each percent system loss equating to about KES 1.0Bn in revenue lost/saved.

With the regulatory threshold of 15.9%, KPLC will reportedly realize KES 4.0Bn in cash savings from the 4 percent spread in losses below the regulatory threshold.

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Analysts see its current P/E of 2.1X at attractive levels compared to peer average P/E of 10.9X.

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