Electricity -Most Independent Power Producers IPPs are not well-known to the Kenya Power and Lighting Company KPLC.
The ongoing investigations into the high cost of electricity in the country established from the Business Registration Services BRS that the government agency does not know who are the real owners and shareholders of the IPPs companies doing business with it KPLC.
These IPPs have now been found to have been abusing freedom in the market to overcharge KPLC while selling them electricity what then is passed down to the customers.
Business Registration Services BRS Director General Kenneth Gathuma confirmed that it was very difficult to authoritatively know the shareholders of these companies in question.
He shocked the Energy Committee when he confessed that he could not ascertain who are the real owners of the IPP firms trading with KPLC.
It even shocked further when it was discovered that the identification numbers of the said businessmen had not been captured properly in the business registration documents.
Their shares were also not well-indicated in the registration documents that were brought before energy committee.
“Your information is not beneficial to this Committee. A lot of information is not captured in your documents. How do you run an organization registering companies and you don’t carry out due diligence of companies? Don’t you think you can register terrorists,” the committee’s chair Vincent Musyoka reacted.
Mr. Gathuma would then request to be allowed a little more time to go and try putting his paperwork in order before he he can come back after seven days.
He also sought help from MPs to pressure the Attorney General’s office to help get the documents
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