The firm’s insurance revenue also includes other compensation for fire and equipment damage.
Insurance for power plants is critical for power producers, especially independent power producers.
KenGen has received a compensation of Sh1.74 billion from an unnamed insurer after one of its power plants was damaged which stopped power generation.
The power producer has revealed that it made a compensation claim to its insurer after the Olkaria V Unit 1 got damaged on October 7, 2021. It said the damage led to loss of revenue and damaged key equipment in the plant.
