Treasury on the spot over disputed Sh9.9bn KPLC loan
A report by the Debt and Privatisation Committee claimed that although the debt is marked as guaranteed to KPLC, the utility firm is not aware of its existence.
Source: nation.africa
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Kenya Power pays US firm Ormat Sh2.6 billion to allay default fears
Kenya Power has cleared a Sh2.6 billion power purchase bill owed to US energy firm Ormat Technologies, allaying fears of a default that would have seen the American firm bill the Treasury.
Source: businessdailyafrica.com
KenGen rejects bid by Kenya Power to avoid Sh936m fine
Electricity generator KenGen has rejected a bid by Kenya Power to avoid paying Sh936.2 million penalty accrued due to late payments for sales.
Source: businessdailyafrica.com
Push for new Kenya Power debt relief plan
The presidential task force appointed to review operations of the loss-making Kenya Power wants the repayment of Sh53.27 billion loans held by the struggling State agency delayed for two years to...
Source: businessdailyafrica.com