Vehicle leasing to address kplc cash flow challenge

  • | Metropol TV
    Kenya power now plans to move away from car purchases and get into the leasing of vehicles for its daily operations in a bid to address its cash flow problems. Data indicates that the power utility firm spent a total of ksh16.9bn in the financial year to June 2020 in property and equipment purchases like transmission wires, transformers, and vehicles with the data putting the total vehicles fleet at the company 2,269 vehicles. This new announcement came from Kenya's power's expression of interest notice at a time when the company is going through radical reforms that will see power costs reduced in the country by 30 percent.