Kenya state electric lighting company will be split

Kenya government plans to split Kenya national electric lighting company (KPLC).

Department of energy secretary Patrick Nyoike told the media yesterday, the government will be through the relevant consultants to help to price KPLC. KPLC yesterday in the Nairobi stock exchange closed at 135 shillings per share.

He also said that the government has confirmed through the reduction of KPLC shares of the company privatization. KPLC since 1954, the Kenya stock market, the government still holds 48% of the shares. The plan will be split into KPLC transmission and delivery of two entities, will affect the ownership structure of KPLC, will also change its original mode of operation.

However, Nyoike also pointed out that these changes can be achieved in the range of energy sector recovery project, and the project is funded by the world bank, the European investment bank, the French Development Agency and Nordic development fund investment.