Chinese firm wins Sh740m Kenya Power meters tender
A Kenya Power employee inspects a meter box. PHOTO | FILE | NATION MEDIA GROUP
Chinese firm wins Sh740m Kenya Power meters tender
Chinese firm Shenzhen Star Instruments Company has won a Sh746.2 million tender to supply single phase prepayment meters to Kenya Power..
The electricity distributor reveals in the tender awards that the Chinese company, with local directors, will deliver the meters as the utility firm continues connecting more people to the grid.
Electricity sales revenue for customers on prepaid metering is recognised when customers buy electricity units and then adjusted for the estimated amount of unconsumed power based on the consumption rate over a period of time.
The cash-strapped firm expects to add more customers through the return of its Last Mile Connectivity Project (LMCP) that links homes to the national grid under a subsidised programme.
The award comes barely two weeks after inviting bids for supply of nearly 200,000 post-paid meters, signalling that it favours a mix of prepaid and post-paid meters.
This is in contrast to earlier plan to completely switch to prepaid meters to reduce mounting customer debt.
