Kenya Electricity Generating Company (KenGen) PLC is staring at losses of more than Sh250 million following acquisition of part of prime property in Mombasa for construction of a major road.
The property, including two residential flats with annual net rental income of Sh768,000, was hived off for dualling of the Mombasa-Mariakani highway, a major road connecting to the port of Mombasa.
