Business Daily | by Victor Juma
The government has asked KenGen and other suppliers of Kenya Power not to enforce collection of billions of shillings they are owed by the electricity distributor, exposing them to cash flow problems and potential losses.
The move comes after the utility firm defaulted on the suppliers as its finances deteriorated further, culminating in a net loss of Sh939.4 million in the year ended June 2020.
KenGen, whose sole customer is Kenya Power, had not been paid Sh23.9 billion by the electricity distributor as of June 2020 and…
