Ruto’s Criticism of KPLC After Dissolving KEMSA Board
A day after dissolving the Kenya Medical Supplies Authority (KEMSA) board, President William Ruto announced on Tuesday, May 16 that he would restructure the Kenya Power board.
During the administration’s fourth cabinet meeting, held at State House in Nairobi, this matter was resolved.
A statement from the White House indicated that the decision was influenced by the electric power distribution company’s lack of profitability.
“The Cabinet has approved restructuring Kenya Power’s balance sheet to restore profitability.
“The new plan focuses on enhancing the company’s financial sustainability, particularly by addressing loan balances and the liquidity gap,” the statement stated.
By the Kenya Kwanza Bottom-Up Economic Transformation Agenda. The cabinet announced that the composition of Kenya Power’s Board would be adjusted to reflect its shareholding.
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Ruto reaffirmed, as he dissolved the KEMSA board, that his administration would not tolerate corruption.
“President Ruto emphasized the importance of integrity and vigilance within government departments and ministries.
The statement continued, “He issued a stern warning against corruption and waste in the provision of services to the people.”
At the time of the President’s statement, the Senate was attempting to amend the law regarding Independent Power Producers (IPPs).
Tuesday, April 18th, the Senate Standing Committee on Energy disclosed that IPPs charged Kenya Power exorbitant electricity prices.
Senator Wahome Wamatinga of Nyeri stated that the government would terminate its contract with IPPs.
Wamatinga disclosed, “We have discovered that the contracts were skewed in favor of IPPs, and we are reconsidering how to terminate the agreement, even if it means paying penalties.”
Ruto’s Criticism of KPLC After Dissolving KEMSA Board
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