Cash-strapped Kenya Power seeks lender to refinance it

kenya power electricity supply ketraco
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Nation | by Brian Ambani


In a late bid to dig itself out of the mounting debt hole, Kenya Power on Wednesday floated an Expression of Interest (EOI) for refinancing of its Sh54.6 commercial debt after the government granted it a one-year renewable moratorium on the repayment of its Sh53.2 billion on-lent debt.

The company said that the projects it financed using its loans are long term and may take many years to realise returns hence the need to negotiate for longer repayment periods…

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kenya power electricity supply ketraco


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