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Kenya Power to give up Sh20b assets in major State overhaul

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.

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