Kenya Power issues profit warning
90 percent of Kenya Power's debt portfolio is dominated in US dollars.
Source: the-star.co.ke
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90 percent of Kenya Power's debt portfolio is dominated in US dollars.
Kenya Power has issued a profit warning for the financial year ending June 2023.
The utility had booked a loss in the first half of the fiscal year.
Kenya Power has received Sh673 million from State-owned energy firms as compensation for lost revenue from last year’s electricity tariff discount.
Utility firm opts for one-on-one negotiations with large consumers willing to pay their bills in greenback to beat the regulator’s approval block.