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Kenya Power gets Sh10bn to cushion it against tariff cut

Kenya Power

MPs have awarded Kenya Power Sh9.9 billion to offset an expected revenue shortfall the company will incur following the reduction of electricity prices

Photo credit: File | Nation Media Group

Members of Parliament have awarded Kenya Power Sh9.9 billion to offset an expected revenue shortfall the company will incur following the reduction of electricity prices by the government in January.

The National Assembly Energy Committee Chairman Jeremiah Kioni revealed the allocation in a sitting with Energy Principal Secretary Gordon Kihalangwa and acting Kenya Power managing director Rosemary Oduor on Tuesday.