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The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A sharp drop in consumption of costly diesel-generated electricity has depressed Kenya Power’s revenues in its financial year to June, resulting in a slower 6 per cent rise in net profits to Sh7.4 billion.
Fuel cost adjustments, which make up a significant portion of power bills, fell by nearly Sh13 billion after the commissioning of 225 megawatt plants and retiring of several diesel-powered projects.
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