KenGen fines Kenya Power Sh710m for late electricity payments

Kenya Electricity Generating Company (KenGen) workers walk at the Olkaria II Geothermal power plant near the Rift Valley town of Naivasha, Kenya on February 15, 2018.

Photo credit: Reuters

State-run electricity producer KenGen penalised Kenya Power Sh710.17 million for late payment of electricity it supplied for the year ended June 2024, the latest disclosures show.

KenGen says earnings from interest penalties charged on Kenya Power nearly doubled from Sh364.70 million the year before, a jump of 94.73 percent.

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Note: The results are not exact but very close to the actual.