KenGen has turned to the Treasury to take over loans associated with the construction of the Olkaria IV and I AU substation, a move that could unlock Sh5.3 billion for the power producer in the form of the value of the assets.
KenGen built the assets which have been used by Kenya Electricity Transmission Company (Ketraco) for the evacuation of power from Olkaria to the national grid since 2015.
