Kenya Power defaults Sh23.9bn KenGen bill

kenya power electricity supply ketraco


Business Daily | by Victor Juma


Kenya Power defaulted on payment for electricity worth Sh23.9 billion supplied by KenGen in the year ended June 2020, exposing the electricity producer to the risk of major losses.

The Office of the Auditor-General says in its report on the power generator’s financial statements that the debt had increased from Sh19.3 billion a year earlier.

Kenya Power, the distributor, swung into a pre-tax loss of Sh7.04 billion for its financial year to the end of last June on costly wholesale electricity purchase from the electricity producer and…

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