Sharp Daily
No Result
View All Result
Tuesday, March 24, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Transformer theft costs Kenya Power over KES 400 million in 2 years

Brian Murimi by Brian Murimi
May 23, 2024
in News
Reading Time: 2 mins read

Kenya Power has lost 443 transformers worth an estimated KES 406 million to theft and vandalism in the last two years, prompting the utility to call for a total ban on the copper waste trade to stem the rampant destruction of power infrastructure.

Kenya’s largest power distributor is grappling with a surge in vandalism cases linked to the scrap metal business, with losses escalating from 76 transformers worth KES 68 million in the second half of 2022 to 365 units valued at KES 328 million last year. In the first five months of 2024 alone, another 78 transformers worth KES 78 million have already been vandalized.

“Our investigations have revealed a direct link between vandalism and the copper waste business,” said Dr. (Eng.) Joseph Siror, Managing Director and CEO of Kenya Power, at a stakeholders’ forum on Wednesday. “Immediately after the government lifted a moratorium on scrap metal dealing in May 2022, we saw a serious spike in vandalism cases.”

The losses from equipment replacement pale in comparison to the broader economic toll of power disruptions, Dr. Siror warned. “If you compute the cost of unserved energy, loss of business and possibly lives, the losses are in billions of Kenya shillings.”

RELATEDPOSTS

Kenya turns to new power plants and Ethiopia imports to avert rationing

January 13, 2026
KPLC rolls out new OCR meter-reading technology

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025

To combat the scourge, Kenya Power is proposing strict vetting of all scrap metal traders, including collectors, dealers, smelters and exporters. It wants traders to declare their sources to ensure traceability and accountability. The utility also called for joint inspections of premises, compliance reporting requirements, and a more robust regulatory framework.

“While many participants in the scrap metal industry are legitimate, a few unscrupulous dealers perpetuate this vice,” Dr. Siror said. “We urge all stakeholders to join us in rooting out these elements to ensure a sustainable and reliable power supply for all Kenyans.”

The Energy Act 2019 has helped deter vandals by prescribing steep fines of up to KSh 5 million or five-year jail terms for offenses like tampering with infrastructure. But Kenya Power believes curtailing the scrap metal trade that incentivizes theft and vandalism could be a more effective long-term solution.

Previous Post

Azimio leaders: Biden invited us to join Ruto’s US delegation

Next Post

Kenya’s Insolvency Act faces crucial reform amid economic realities

Brian Murimi

Brian Murimi

Brian Murimi is a communications and advocacy professional with a focus on innovation, policy and continental development in Africa. A former journalist, he now works at the intersection of knowledge, strategy, and pan-African institution building.

Related Posts

News

Investing made easier; Understanding mutual funds

March 23, 2026
Business

KCB profits rise as banking sector shows strong growth

March 23, 2026
News

KRA push to lower VAT threshold to zero signals higher costs for small businesses

March 23, 2026
News

Understanding money market funds and their role in investment portfolios

March 23, 2026
News

Remote work and its influence on property demand

March 22, 2026
News

Diversifying your portfolio for smarter investing

March 22, 2026

LATEST STORIES

Investing made easier; Understanding mutual funds

March 23, 2026

Understanding Pension Fund Investments in Kenya

March 23, 2026

Kenya’s meat exports to the Gulf collapse as Middle East conflict disrupts trade

March 23, 2026

KCB profits rise as banking sector shows strong growth

March 23, 2026

KRA push to lower VAT threshold to zero signals higher costs for small businesses

March 23, 2026

Understanding money market funds and their role in investment portfolios

March 23, 2026

Remote work and its influence on property demand

March 22, 2026

Diversifying your portfolio for smarter investing

March 22, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024