People Daily | by Noel Wandera
Debt-ridden power distributor, Kenya Power is negotiating with the World Bank to consolidate its short-term Sh102.6 billion commercial debts into a 25-year repayment programme.
The long-term repayment programme is expected to give KP financial headroom to streamline its revenue generation processes and enable the company to overcome its financial doldrums.
As at June 30, the power distributor has been operating on an overdraft of Sh102.6 billion with an annual debt service obligations of Sh24 billion per year…
