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Kenya Power loses Sh3.7bn in unrecovered fuel cost charge
The Cabinet has ordered a split of Kenya’s electricity transmission system to ensure that a power failure in one part does not affect the whole country. FILE PHOTO | NMG
Utility firm Kenya Power lost Sh3.7 billion from the freeze on surcharges including the fuel cost charge and the foreign exchange rate fluctuation adjustment across six months to last June.
The additional losses for the electricity distributor reveal the financial burden the firm faces in supporting the government’s 15 percent reduction in electricity costs last year.
