Kenya Power pays Sh14.6bn to diesel electricity firms
Payments mainly attributed to poor weather that affected hydro power generation as well as increases in international oil prices. Glasgow-based emergency power firm Aggreko did not get any payment in the year, according to the annual accounts.However, Iberafrica Power, majority-owned by Union Fenosa of Spain, earned Sh3.1 billion in electricity sales to Kenya Power.
Kenya Power’s payments to diesel-fired electricity plant operators dropped by nearly Sh11 billion to Sh14.8 billion in the year to June compared to the previous period, the company’s annual accounts have showed. The payments were mainly attributed to poor weather that affected hydro power generation as well as increases in international oil prices.The State-controlled electricity distributor paid the Sh14.8 billion to six independent power producers (IPPs) including Tsavo Power, Iberafrica Power, Rabai Power, Thika Power, Triumph, and Gulf Power.
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Glasgow-based emergency power firm Aggreko did not get any payment in the year, according to the annual accounts. However, Iberafrica Power, majority-owned by Union Fenosa of Spain, earned Sh3.1 billion in electricity sales to Kenya Power. This was 5.69 per cent less from the Sh3.3 billion the firm earned a year earlier.The firm has a 108.5 MW diesel plant located in Nairobi South, making it Kenya’s biggest thermal-based IPP.
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Rabai Power made Sh2.9 billion in electricity sales to Kenya Power, a growth of 28.7 per cent compared to the Sh2.3 billion earned in 2017.The firm has a 90MW thermal plant located in Rabai, Kilifi County.Rabai Power is a joint venture between London-based energy firm Aldwych International Ltd and Burmeister & Wain Scandinavian Contractor of Denmark.Thika Power netted Sh2.35 billion in the period reflecting a 45.06 per cent rise from the previous year.Ity has an 87 MW diesel-fired plant and is a subsidiary of Melec PowerGen Inc, affiliated to the Matelec Group of Companies from Lebanon.