Kenya Power CEO on enhancing energy access and stability

Kenya Power, the leading utility provider in Kenya, is on a mission to advance clean energy, grid stability, rural electrification, and profitability. In an exclusive interview with CNBC Africa, CEO Joseph Siror discussed the challenges and strategies the company is implementing to enhance energy access and stability across the country. Kenya Power has made significant strides in leveraging renewable energy sources such as geothermal, wind, and solar, with 93% of its grid powered by clean energy. One of the key challenges faced by Kenya Power in providing electricity to rural areas is the sparse population and long distances between households. CEO Joseph Siror highlighted the additional costs associated with supplying power to remote areas where residents are not densely clustered. Maintenance of power lines in rural regions also poses challenges during adverse weather conditions, with trees and diverse terrains posing risks to infrastructure. Despite these challenges, Kenya Power is committed to enhancing energy access in rural areas through initiatives like promoting clean cooking solutions to reduce costs and improve convenience for customers. Grid stability is a top priority for Kenya Power, with 93% of the country's power mix coming from renewable sources. Geothermal and hydroelectric power account for the majority of the clean energy generated, followed by wind and solar. While renewable sources are reliable, intermittent energy production from wind and solar plants can impact grid stability during fluctuations in output. Kenya Power is focused on addressing these challenges to achieve full integration of clean energy sources and ensure a stable and efficient national grid. In terms of financial sustainability, Kenya Power operates under a regulated tariff system set by the government regulator. CEO Joseph Siror emphasized the importance of maximizing profits and efficiency amidst declining tariffs in recent years. The company is implementing cost-effective measures such as transitioning to smart meters and embarking on a digital transformation journey to automate operations and reduce losses within the grid. By investing in innovative technologies like Advanced Distribution Management Systems (ADMS), Kenya Power aims to improve network efficiency and control operations from a centralized location. As Kenya Power continues its efforts to expand infrastructure and upgrade the national grid, the focus remains on assessing return on investment (ROI) and ensuring tangible benefits for both the company and its customers. The CEO highlighted the need for strategic planning and efficiency measures to navigate the evolving energy landscape and maintain financial sustainability in the face of regulatory changes and market dynamics. With a commitment to enhancing energy access, promoting clean energy solutions, and ensuring grid stability, Kenya Power is poised to drive positive change and innovation in the energy sector.