Business Daily | by Patrick Alushula
Electricity price cuts ordered by President Uhuru Kenyatta two years ago cost Kenya Power Sh4.8 billion in revenue for the financial year ended June 2019, new disclosures by the firm show.
Kenya Power chairman Mahboub Mohamed said the revenue drop from the unplanned tariff review forced the company to take up short-term loans to cover for the resultant financial hole.
“The review dimmed the company’s revenue prospects by Sh4.8 billion of the total projected revenues in the tariff application…
