Business Daily | by Patrick Alushula
Kenya Electricity Generating Company (KenGen) has hit Kenya Power with a Sh722.31 million penalty for flouting 40-day window of paying for the electricity supplied in the financial year ended June 2019.
This is disclosed in the recently published annual report that shows that the penalty is a 28.8 percent drop from the preceding period when KenGen hit the struggling power distributor with a Sh1.02 billion penalty.
“Interest income from Kenya Power relates to interest penalties charged to Kenya Power due to late payments of invoices…
