Kenya power is seeking to hire debt collectors to help them collect billions of shillings owed to them by power consumers.
The company published tenders seeking debt collectors firms to apply in a contract that is intended to last for 2 years.
According to an article by Business daily, “the company commissioned the services of four private debt collectors in the second half of the last financial year. The remaining four will be on-boarded as soon as tendering is concluded.”
KPLC seeks to collect dues from defaulter who have not paid for power between the last six months and the last two years.
This could suggest the hard times financially being faced by domestic houses in the country due to covid_19 as most defaulters are domestic power consumers who Kenya power says owes them over 60 percent of the debt aimed at being collected.
Kenya power says that approximately Ksh 5 billion is owed to them by defaulters.
“Kenya Power’s total debts as at end of last June stood at Sh118.73 billion, made up of Sh65.96 billion commercial debt and Sh53.26 billion on-lent debt,” Business daily reported.
