Kenya Power posted a net loss of Sh1.1 billion for the half-year ended on December 31, 2022. The electricity distributor says it will incur a further loss of Sh6.5 billion owing to the government’s decision to extend a 15 per cent cut on electricity tariffs for three months to April.
The tariffs were slashed in January last year to lower the cost of living. A further 15 per cent that was to be saved through renegotiation of power purchase contracts with independent producers failed to materialise.
