The firm has done rather well during the past 3 years - since the Manitoba guys came in - but there are dark clouds on the horizon.
KPLC has the following:
- Oodles of cash on the balance sheet
- Cash generating/collection capability
- Large procurement needs
Things got so bad that the GoK was forced to appoint the Canadians - if KPLC wanted financing - to run the firm. After bringing KPLC back into the light... they are being dumped...
Furthermore, the GoK & KRA have made KPLC one of their 'collectors'... KPLC has to use fuel to produce electricity... the fuel is heavily taxed... and this is passed onto consumers making KPLC look like the bad guy! KPLC is also forced to charge VAT thus increasing the burden on the consumers & KPLC...
So KPLC has become a tax collector of sorts for KRA & GoK...
