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Kenya Power posts Sh7.4b profit as revenues dip

Kenya Power Managing Director Ben Chumo

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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