In Kenya, half of the members of the Board of Directors of Kenya Power, the national electricity distributor, have resigned. Even if the reason for these departures has not been communicated, the Minister of Energy considers that they are normal and are part of the reorganization of the entity.
In Kenya, five non-executive directors of Kenya Power, who sit on the board of directors of the national electricity distribution company, have just resigned. The departure of these managers halves the number of board members. Kenya Power has not given reasons for their departure and has yet to name a replacement.
However, Charles Keter, the Minister of Energy wants to be reassuring, believing that these changes are normal and are part of the ongoing reorganization in the company. “It’s just a change in the board. As you can see, there is a reorganization taking place within Kenya Power and we have a new management team. It’s just one aspect of the reorganization and nothing else, ” he said.
At the same time, the company posted lower revenues due to the impact of the Covid-19 pandemic on the electricity sector. A situation that prompted it to reduce the share of energy it buys from independent producers, much to their chagrin.
Source: Agence Ecofin