Kenya Power and Lighting Company (KPLC) on Friday issued a stern warning over late bill payment after they reported a dip in profits.
KPLC acting CEO Jared Othieno stated that the entity will be tougher when chasing for late bill payments reducing the provisions for debt from 58 days to 30 days.
This was after the company plunged in profits by 60 per cent to Ksh6 billion due to a spike in provisions of debt.
“We are going to ensure that the moment we bill you, then we shall come for our debt.
“We are going to engage in a more aggressive collection policy, where we are not only going to start collecting those which are due, but also internally,” he stated.
In July 2018, the company faced a setback after the Directorate of Public Prosecution (DPP) ordered for the arrest of its 14 bosses.
They were accused of corruption in a scandal where they allegedly purchased faulty transformers valued at Kshs 4.5 billion.
The company, which is controlled by the government, also experienced increased costs over its growing transmission and distribution network.
Currently, most of its revenue (60 per cent) is realised from industrial customers in Nairobi and Thika.
The company has more than 6.8 million customers connected to its grid with the number expected to rise as a result of the last mile project.
The company had earlier issued a profit warning.
