Business Daily | by Constant Munda
Kenya Electricity Generating Company (KenGen) net profit for the half-year period ended December 2020 fell 38.13 percent on the back of lower earnings from thermal power generation and absence of tax savings.
KenGen, which is 70 percent owned by the State, announced on Thursday profit dropped to Sh5.06 billion from Sh8.17 billion a year earlier.
On the other hand, Kenya Power – the biggest buyer of electricity from KenGen – reported a drop of 80.06 percent in profit for the same period to Sh138 million, citing…
