Under Construction
Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation

NEWS

Deloitte to audit Kenya Power systems in Sh18m deal

CategoryPress Releases
CountryKenya
TagsElectricity utilities, Regulatory and Governance

Electricity distributor Kenya Power has inked a Sh18.2 million deal with Deloitte that will see the Big Four accounting firm audit its information technology (IT) systems.

As part of the deal, Deloitte is expected to conduct “a comprehensive and independent” audit on Kenya Power IT systems within 60 days.

“The consultant is expected to provide an independent assurance on the KPLC ICT systems by undertaking a ‘top-to-bottom’ audit that will reassess the functional scope, compatibility and capabilities of these systems,” said Kenya Power in a tender notice.

The scandal-prone power utility has suffered perennial token generation hitches that have left thousands of customers stranded without power.

Some 4.5 million clients are on prepaid meters, accounting for 69 per cent of Kenya Power’s customer base of 6.5 million.

“The specific objectives for the engagement include ascertaining whether the company is getting maximum benefits out of the ICT investments thus far undertaken and has received optimal value for money on the ICT investments,” said Kenya Power.

Kenya Power posted a 63.7 percent decline in net profit to Sh1.92 billion in the financial year ended June 2018 on higher costs.

Early this year, Deloitte bagged another Sh58 million Kenya Power contract for consultancy to implement a new structure aimed at streamlining the utility service provider amid a recent plunge in profitability.

The Big Four accounting firms, Deloitte, PricewaterhouseCoopers, Ernst & Young (trading as EY) and KPMG, collectively earned more than Sh180 million in plum government contracts last year.