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Originally published by Kenyanstop
July 10, 2025
1mo ago
MPs Warn KPLC May Collapse Under Ksh70B Deficit

The MPs have demanded immediate action from the electricity company...
✨ Key Highlights
The National Assembly’s Public Investments Committee has raised alarms about the potential collapse of Kenya Power Lighting Company (KPLC), citing a financial deficit of Ksh70 billion.
- Current liabilities of Ksh115.2 billion against assets of Ksh44.2 billion indicate deep financial distress.
- Key issues include inflated electricity bills and procurement irregularities, particularly a Ksh55.9 million contract violation.
- CEO Joseph Siror attributed the crisis to prior capital-intensive projects and emphasized recovery strategies, including reducing system losses and enhancing debt collection.
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