The Treasury will pump Sh5 billion into paying part of Kenya Power’s #ticker:KPLC outstanding debt for the last-mile electrification and help stabilise the utility firm’s distressed finances, the World Bank has said, boosting subsidised power connections for poor households.
Improving Kenya Power’s financial position is one of the conditions for a fresh $750 million (Sh80.9 billion) loan from the World Bank to help Kenya recover from Covid-19 economic hardships and support the budget.
