Kenya Power and Lighting Co PLC 2023 AR2
The report highlights Kenya Power's performance and strategic initiatives for the fiscal year ended June 30, 2023, under the theme "Smarter for Better." The company expanded its customer base to over 9.2 million by connecting 318,217 new customers and grew electricity sales to 9,567 GWh. Despite a 21% increase in revenue to KSh 190.98 billion, Kenya Power recorded a net loss of KSh 3.2 billion, primarily driven by high finance costs and unrealized foreign exchange losses from the depreciation of the Kenyan Shilling. On the sustainability front, the company advanced its e-mobility and e-cooking agendas, increased the share of renewable energy in its generation mix to 92%, and planted over 400,000 trees.
Company: Kenya Power and Lighting Co PLC
Sector: Utilities
Country: Kenya
Year: 2023
Type: AR2
Pages: 252
Kenya Power and Lighting Co PLC
Annual Report And Financial Statements
The report highlights Kenya Power's performance and strategic initiatives for the fiscal year ended June 30, 2023, under the theme "Smarter for Better." The company expanded its customer base to over 9.2 million by connecting 318,217 new customers and grew electricity sales to 9,567 GWh. Despite a 21% increase in revenue to KSh 190.98 billion, Kenya Power recorded a net loss of KSh 3.2 billion, primarily driven by high finance costs and unrealized foreign exchange losses from the depreciation of the Kenyan Shilling. On the sustainability front, the company advanced its e-mobility and e-cooking agendas, increased the share of renewable energy in its generation mix to 92%, and planted over 400,000 trees.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Employees