KenGen power plant
| File | Nation Media Group

KenGen projects worth Sh84bn not generating revenues

What you need to know:

  • The company has entered into expensive capital investments that it cannot earn money from.
  • In 2020/21, KenGen recorded a 94 per cent fall in profits from Sh18.4 billion last year to Sh1.2 billion.

Power generator KenGen is spending millions servicing loans for projects worth Sh84 billion that don’t bring in revenues.

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