M a r k e t N e w s

Kenya Power Signs Sh379m Cars Agreement

Posted on : Monday , 9th September 2019

Kenya Power, the electricity distribution monopoly, has inked a deal with four auto dealers to supply a fleet of vehicles at Sh379 million. The partly State-owned firm, which is eyeing an improvement of its financial position revealed the amount in a tender notice.

 
Kenya Power acting Chief Executive Jared Othieno did not respond to queries on whether the vehicles deal was a purchase or a leasing plan.
 
It was also not immediately clear how many vehicles will be provided under the deal and whether they will be used by staff or set aside for electricity connection. Some departments like the police have turned to vehicle leasing in what has become a boon for leasing firms, financiers and auto dealers.
 
In the Kenya Power deal, Toyota Kenya will supply vehicles for Sh241.54 million while Simba Corporation has signed for Sh34.4 million worth of cars.

Simba Caetano Formula will provide vehicles worth Sh52.66 million while Isuzu East Africa will provide vehicles worth Sh51.26 million. Kenya Power says it accepted  the deal in July.

Early this year, mega electricity generation projects valued at billions of shillings were left in limbo after Kenya Power froze the signing of new power purchase agreements (PPAs) indefinitely, citing financial loss and excess capacity. Power purchase costs, excluding fuel and foreign exchange, increased by Sh2.59 billion to Sh52.79 billion in the period.

Kenya Power  opened talks with its creditors to extend the payment period for segments of its loan obligations maturing in the current financial year.
 
“We are beginning to renegotiate part of the loans and convert them into long-term debt to meet the negative liquidity gap,” acting chief executive Jared Othieno said.

Source : www.expogr.com
Featured Companies
  • Bajaj Auto
  • Nissens A/S
  • Bajaj Auto
  • Tire Group International, LLC.
  • dubaiexporters.com
  • Steelmate - Think safety think Steelmate

Complete List  

Advertisers in previous issue:

  • DM is one of the leading manufacturer specialized in reflective material in the world, which is only one manufacturer that not only produce personal safety production but also produce traffic safety production in China.
  • Lanfeng machine Co., LTD is a collection of R&D, production and sales of Fuel dispenser and LPG dispenser, gas station equipment of large enterprises in China.
  • ANAM Motors Co., Ltd., has been expanding its areas into many markets of Auto motive Spare Parts in worldwide from the establishment year of 1998.
  • Manufacturer of extensive range of clamps, connectors and fasteners.
  • TOTACHI INDUSTRIAL CO. LTD is an esteemed Japanese company that provides a comprehensive range of lubrication products for commercial and consumer applications.
  • Rolman World is one of the largest and most established distributors of bearings and related technical services in the Middle East and Africa.
  • Yellow stone diesel-One of the leading manufacturers of engine parts.
  • Cylinder heads
  • Dealers of Honda,Yamaha,Suzuki.
  • Unique Part Trading L.L.C was formed in the year 1984 registered with Dubai Economic Department and Dubai Chamber of Commerce in dealing with the General Trade License to do the Commercial Activities of the Business.
  • Nissens has developed, manufactured, and supplied a wide range of automotive radiators, climate control products
  • Tyre makers.
  • Supplier of vehicles, watercraft & aircraft worldwide.
  • Best Choice International Trade is one of the leading tyre exporter in China, and a major supplier of tyres and engines in Beijing Municipality.
  • Pro Media is established by a group of advertising sales people who have had over 25 years of experience in Taiwan’s two-wheeled industry.
  • Product includes Braking, Steering, Suspension, Filtration, Transmission, Cooling, Heating, Electrical, Engine, Lubricants, Chemicals, Wiping, Lighting etc.
  • It is the largest manufacturer of Premium Quality Lipe brand clutches for the commercial vehicles in India.
  • Fowlers Parts supply genuine original spare parts
  • Leading Dealers,Wholesalers & Retailers Specially For Nissan,Toyota & All Japanese Car Genuine Spare Parts.
  • Al Maroof Trading Company is one of the leading Auto Parts Dealers based in UAE and Pakistan.
  • Meizhou Jinda Auto Parts Co.,Ltd. is a state-owned enterprise ,specializing in manufacturing auto clutch disc and brake.
  • Global Auto Parts is an Automotive Aftermarket spare parts wholesaler offering genuine quality aftermarket replacement parts for all makes and models of passenger cars, light commercials vehicles, trucks and trailers.
  • We are producing six categories and nearly one thousand kinds and sizes of bias tyre, OTR tyre, radial tyre, Industrial tyre, agricultural tyre and solid tyre.
  • A truly global provider of quality vehicles.
  • Exporters of Genuine & Non Geuine Parts for Japanese Cars.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade