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KenGen has nearly doubled its net profit for the six months period ending December 31, 2019, boosted by a tax rebate from construction of a new power plant.
The power producer saw its net profit increase by 98 per cent, hitting Sh8.17 billion from Sh4.12 billion reported in the similar period of 2018. KenGen attributed this to the capital allowance rising from the completion of a 165MW Olkaria V power plant in November 2019.
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