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Kenya Power bets on Sh60b expansion drive to cut tariffs

A section of Kenya Power shareholders at the AGM in Nairobi yesterday.  Increased expansion eroded the power firm’s profit, making it difficult for the board of directors to declare dividends this year. [PHOTO: KIBERA MBUGUA]
             A section of Kenya Power shareholders at the AGM in Nairobi yesterday.  Increased expansion eroded the power firm’s profit, making it difficult for the board of directors to declare dividends this year. [PHOTO: KIBERA MBUGUA]

By James Anyanzwa

Kenya Power will pump $700 million (Sh60 billion) in to new sub-stations and lengthy distribution lines over the next five years.

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