×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Kenya Power to give up Sh20b assets in major State overhaul

Vocalize Pre-Player Loader

Audio By Vocalize

Kenya Power employees in a mobile workstation at Uhuru Gardens during Labor Day celebrations. [Denish Ochieng, Standard]

The government is embarking on a major restructuring of Kenya Power that is expected to put the company firmly back on a growth path, but one that will also see it give up a huge chunk of its assets.

In the plan that received Cabinet approval last week, Kenya Power will offload its transmission lines to Kenya Electricity Transmission Company (Ketraco) which are estimated at Sh20 billion.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
Gulf Energy secures oil rig ahead of Lokichar project kick-off
Business
Big win for Ruto as court clears path for sale of key State firms
Business
PwC now seeks buyers for Koko Networks assets
Business
Kenya Pipeline Company IPO extended by three working days