Managing director Bernard Ngugi said on Friday the utility firm expects these avenues will diversify revenue streams and support electricity sales.
“We have a transport section and we want to open that as a public garage since it is idle at the moment. We also want to lease out idle land,” said Mr Ngugi without giving the estimated monetary potential of these actions. “The garage sits on huge land and we will liaise with insurers to give us an opportunity to repair vehicles. Going by the growing numbers of vehicles on roads, it is a potential business.”
Mr Ngugi said the garage business will be handled by its subsidiary, Kenya Power International. The subsidiary was started four years ago as part of business diversification strategy to create alternative revenue streams.
Kenya Power will also lease the idle pieces of land it holds. The firm has six pieces of land in Mombasa, two in Nakuru, Eldoret (two) and several others in Nyeri and Nairobi.