The Standard | by Macharia Kamau
Kenya Power owes KenGen Sh24 billion for electricity supplies as the power retailer continued to struggle in the course of last year.
The amount grew 24 per cent in the year to June 2020 from the Sh19.37 billion owed in 2019. This is money that remained unpaid beyond the 90-day credit period set out in the power purchase agreements (PPAs) between the two firms.
While it is owed over Sh24 billion by the electricity retailer, KenGen listed the debt as Sh23.98 billion in its annual report, excluding the…