The Kenya Electricity Generating Company (KenGen) has allowed Kenya Power to pay back part of its foreign currency-denominated debts in Kenya Shillings, easing pressure on the utility firm to source dollars.
KenGen Managing Director Peter Njenga said on Thursday that the company was in talks with Kenya Power over settling debts owed by the utility firm, with an aim of having Kenya Power settle part of the debt which ought to be repaid in dollars, in local currency.
