Eng Geoffrey Muli appointed Kenya Power acting MD
Kenya Power has appointed Eng. Geoffrey Wasua Muli as its acting Managing Director effective May 17, 2022.
Eng. Muli will replace Eng. Rosemary Oduor who was also serving in an acting capacity. She proceeds on annual leave.
Eng. Muli holds a Master of Business Administration (Strategic Option); Bachelor of Science in Electrical Engineering and is currently pursuing a PhD in Business Administration (Strategic Option).
Prior to his appointment, he was the acting general manager in charge of Regional Coordination in the Company.
This comes at a time the company is getting back to greater profit margins, having recorded a pre-tax profit of Ksh5.659 billion in the half-year trading period ended December 31, 2021.
The company has also been under pressure to implement a 30 per cent reduction in electricity tariffs, which was promised by President Uhuru Kenyatta last year.
In January, the government announced a 15 per cent reduction in power tariffs as part of the 30 per cent promised by President Kenyatta.
"The Ministry of energy hereby confirms that the Kenya Gazette of 7th January has effected a 15 per cent reduction in power tariffs. The reduction will boost livelihoods and economic growth by reducing the cost of living," the ministry said in a statement.
The government has assured Kenyans that it will effect the next 15 per cent trance before March. However, the cost cut is yet to be implemented, with reports indicating that Kenya Power and the government are yet to open talks with Independent power producers (IPPs).
Kenya Power is partly owned by the Government of Kenya with 50.1 per cent shareholding and private investors with a 49.9 per cent shareholding.
