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Kenya Power

Kenya Power profit falls to Sh24.5bn as lower tariffs hit earnings
Business

Kenya Power profit falls to Sh24.5bn as lower tariffs hit earnings

At the same time, the cost of sales declined by 4 per cent, from Sh150.6 billion to Sh144.6 billion, resulting in savings of Sh5.94 billion. The company credited these savings to the stability of the shilling against key foreign currencies in which most power purchase agreements are priced.

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Government moves to end freeze on new electricity deals
News

Government moves to end freeze on new electricity deals

Kenya Power has not entered into fresh agreements with power producers since 2018 when lawmakers imposed the moratorium to pave way for an audit of contracts where producers were accused of inflating charges, locking consumers out of affordable energy.

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