Kenya Electricity Generating Company (KenGen)
earned Sh27.6 million in the financial year to June 2016 from managing
Aggreko’s emergency power, the most expensive form of energy.
The
revenue is disclosed in the power generator’s latest annual report,
which also shows that the management income grew 11 per cent from Sh24.9
million a year earlier.
KenGen earns ¢0.75 (Sh0.75)
per kilowatt-hour in management fees for all the temporary power
generated by Aggreko in Muhoroni and Garissa, according to the
State-owned firm.
The two Aggreko emergency power
plants have since been shut down. The 30-megawatt Muhoroni generator was
switched off on July 13 while the temporary 3.4-megawatt Garissa
generator was unplugged two months earlier.
“During
the year the company managed an emergency power supply project known as
Aggreko international projects as an implementing commissioning agent on
behalf of the Ministry of Energy and Petroleum,” said managing director
Albert Mugo in the 2016 annual report.
The firm was
tasked to manage the costly emergency power projects because Aggreko
does not hold a valid electricity generation licence, Mr Mugo said in an
earlier interview.
The
latest disclosure means KenGen has pocketed Sh916.6 million in fees for
managing Aggreko’s expensive emergency power projects over the last
decade, official data shows.
The earnings paint the
mixed fortunes of emergency power; saddling homes and manufacturers with
high power bills, but generating income for the listed power producer.
Emergency
power is priced as high as ¢50 per kilowatt-hour, which is more than
double the cost of diesel-fired electricity set at ¢20 per kWh. Aggreko
has pocketed more than Sh12 billion in electricity sales over the past
decade, in supplies to retailer Kenya Power.
The
Glasgow-based temporary power firm presently has no running State
contracts in Kenya following the expiry of the costly Muhoroni and
Garissa deals.
The Aggreko Muhoroni plant was replaced
by a 30-megawatt gas turbine owned and operated by KenGen. Garissa was
finally connected to the grid in May this year, hence no longer
dependent on the Aggreko generator.
Kenyan households
and industries consumed 0.8 million kWh of Aggreko’s emergency power in
July, the last month temporary power was fed to the gird, according to
official data.
No comments :
Post a Comment