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KPLC MD Muli Turned away by MPs for Failing to Explain Losses Made by the Company

Mr. Muli appeared before the Public Investments Committee on Commercial Affairs and Energy of the National Assembly, to respond to audit questions brought up by the auditor general

Members of Parliament turned away the Kenya Power and Lighting Company (KPLC) Managing Director Geoffrey Muli from a parliamentary committee for failing to explain why the company is persistently making losses.

Mr. Muli appeared before the Public Investments Committee on Commercial Affairs and Energy of the National Assembly, to respond to audit questions brought up by the auditor general.

The KPLC Managing Director told the committee that reasons for the negative working capital had been there between 2014 and 2017 as a lot of investment was made on expectation of five thousand megawatts project which was never realized.

“We had to bear the burden of the credit to our investors, however since 2019 the working capital has been improving” Muli told the David Pkosing led committee.

Moreover, Muli informed the MPs that they have written to Treasury to release Ksh.19B owed to them. Nonetheless, the MPs dismissed his response saying it was generic and not satisfactory.

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In fact, Minority leader Opiyo Wandayi called the response a joke, adding that the KPLC leadership would have been hanged for economic sabotage if it was in another country.

The minority leader further wondered why KPLC was changing managing directors frequently, saying the board could be part of the problem at the power company.

“When they appear next, they must come with the chair of the board, we want to know why they change MDs like clothes, who are the forces behind these shenanigans, this is a milk cow that has been milked for too long, and we must unmask them,” Wandayi said.

Nonetheless, the minority leader’s sentiments resonated with the other committee members, prompting Pkosing to read a riot act to the leadership of the company.

“The thinking of Kenyans and this parliament is that cartels are benefiting from milking Kenyans, why is power being overpriced, why is KPLC dying, why is KPLC which is a monopoly making losses?” Pkosing posed.

As such, the leadership of KPLC is now expected to appear in two weeks’ time to defend themselves against the auditor general’s report.

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Lynn-Linzer Kibebe

Lynn-Linzer Kibebe is a journalist whose focus is on Politics and Lifestyle stories with a special interest in matters of Disability and Fashion. Her stories serve both National and Regional interests.

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