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A significant credit tax credit has lifted KenGen's earnings, growing the listed power producer's profit by 157 per cent. The firm's profit after tax rose to Sh4.72 billion in the full year ended June 2022, up from Sh1.83 billion in 2021.
A tax credit following the company's commissioning of the 86.3 megawatts Olkaria I unit 6 power plant saw its tax expense reduce to Sh3.22 billion from Sh13.47 billion in the year to June 2021.
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