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A Sh18 billion payment of old debts owed to Kenya Electricity Generating Company (KenGen) may resulted in Kenya Power’s profits going down by more than 25 per cent in the year to June 2018.
The power distributor has in the past failed to pay KenGen for some of the electricity supplied for onward resale to consumers, which had led to KenGen classifying some of the debts as doubtful.
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