Engineer Rosemary Oduor has been appointed as acting Chief Executive Officer and Managing Director of Kenya Power.
According to a statement, the electricity firm said that her appointment comes after the resignation of Bernard Ngugi.
“We wish to inform our shareholders that the Board of directors, exercising their powers given under Article 113 of the Articles of Association of The Kenya Power and Lighting Company Plc, have appointed Eng. Rosemary Oduor as the Acting Managing Director and Chief Executive Officer of the company with effect from 4th August 2021,” the statement said.
Ngugi was appointed to serve as Managing Director and Chief Executive Officer of Kenya Power by the Board of Directors in 2019.
He was the General Manager in charge of the Supply Chain before replacing Jared Othieno held the Managing Director position in an Acting capacity.
Prior to her appointment, Oduor who has worked with Kenya Power since 1991 was the company’s General Manager in charge of Commercial Services and Sales.
She also has experience in power engineering and management.
Kenya Power has been struggling financially after reporting a Sh2.98 billion loss in the financial year ended June 2020 its first loss in 17 years.
However, the firm cited coronavirus containment measures, the rising cost of buying wholesale power and reduction in electricity consumption for its dwindling revenues.
The electricity firm was also expected to face new fines for irregular power cuts to customers.
They were obligated to file an assessment of power interruptions with the Energy and Petroleum Regulatory Authority (EPRA) on a monthly and annual basis.
The cases of power outages in the country has led a section of Kenyans and firms have resorted to solar energy, which has been deemed the best alternative.
The company’s big power consumers such as Africa Logistics Properties (ALP), Mombasa International Airport, the International Centre of Insect Physiology and Ecology (Icipe) have recently commissioned solar power units on their properties.
In addition, several companies, universities and factories have also turned to solar photovoltaic (PV) grid-tied systems to supply power for internal use to ensure reliable supply and reduced operational costs.