- Interior Cabinet Secretary orders financial audit of Kenya Power
- Government uncovers large scale mismanagement of utility
- Kenya Power on the verge of bankruptcy
The Kenyan Interior Cabinet Secretary, Fred Matiang’i, has ordered a forensic audit of the state-owned power utility Kenya Power. This comes on the heels of the recent move by President Kenyatta led administration to review existing Power Purchase Agreements (PPAs) to drive down the cost of electricity tariffs.
Following a three-hour crisis meeting between the Matiang’i and the Kenya Power Board led by Chairman Vivienne Yeda and Acting Managing Director Rosemary Oduor, Matiang’i ordered a forensic audit of the firm. A multi-agency team consisting of members from the Directorate of Criminal Investigations, Financial Reporting Centre, Assets Recovery Agency and other agencies will carry out the audit process.
“We are going to undertake a forensic audit of the systems at KPLC and the billing system to ensure that it addresses some of these challenges that we have,” Matiang’i said in a press briefing.
“I am confident that some of the measures we have agreed on to implement the report of the task force will lead to reduced and affordable power bills,” he added.
Kenya Power, the sole power distributor, has accumulated so much debt forcing it to the brink of bankruptcy.