Kenya Power has named Geoffrey Waswa Muli as acting Managing Director, succeeding Rosemary Oduor, who has served in that capacity since August of last year.
He was the company’s acting general manager in charge of Regional Coordination prior to his appointment.
Through a statement signed by the company secretary yesterday, Waswa will take over from Oduor who has proceeded on annual leave.
“The appointment of Geoffrey Waswa Muli as acting MD takes effect on May 17,” Kenya Power’s statement reads in part.
He has a master’s degree in business administration (strategic option) and is currently pursuing a doctorate in business administration.
Since Bernard Ngugi resigned in questionable circumstances, the utilities corporation has yet to hire a formal MD.
Kenya Power began its search for a new Managing Director at the end of January, this year.
By the end of February, the company expected to receive applications from prospective people.
This informed President Uhuru Kenyatta’s ongoing energy reforms, which have suggested power rate renegotiation with Independent Power Producers (IPPs) with the goal of cutting power bills for consumers by 30 percent by the end of the current financial year.
It has already implemented 15 flawless cuts, which went into effect in January.
Last year, the publicly traded power provider declared a net profit of Sh3.82 billion for the six months ending December 2021, up from Sh138.36 million in the same time in 2020.
