The Big Four accounting firm Deloitte has won its second contract with Kenya Power this year. Kenya Power has signed a deal worth Sh18.2 million with Deloitte to audit its information technology (IT) systems.
Under the terms of the deal, Deloitte is expected to carry out a ‘comprehensive and independent’ audit for a period of 60 days. Kenya Power in a tender notice, said, “The consultant is expected to provide an independent assurance on the KPLC ICT systems by undertaking a ‘top-to-bottom’ audit that will reassess the functional scope, compatibility and capabilities of these systems.”
According to Consultancy.africa, the contract was worth Sh60 million, but Deloitte will receive additional Sh18 million to conduct its audit in the power distribution firm.
“The specific objectives for the engagement include ascertaining whether the firm is getting maximum benefits out of the ICT investments thus far undertaken and has received optimal value for money on the ICT investments,” Kenya Power said.
Earlier this year, Deloitte won a contract worth Sh58 million with Kenya Power. Based on the contract, Deloitte had to execute a new structure focused on streamlining the power distribution firm’s services.
Kenya Power as of June 2018 had posted a 63.7 percent drop in net profit to Sh1.92 billion. Last year, the Four Big auditing firms Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG have earned more than Sh180 million in total with Kenyan government contracts.
Kenya is seeking to boost its energy capacity in order to meet the growing demands of its expanding economy. Kenya Power is playing an active role to enhance the economy’s energy capabilities. According to the media report, it is engaged in a six-year project to boost its power generation capacity by 500 megawatts.