Kenya Power pays Sh1 billion to US energy firm Ormat

Kenya Power technicians replace the wooden posts with the concrete ones along Nyerere Avenue in Mombasa. PHOTO | KEVIN ODIT | NMG

Kenya Power #ticker:KPLC last month wired Sh1 billion to US energy firm Ormat Technologies, to offset a power purchase bill owed by the electricity distributor, the American firm says.

The money was part of a total pending bill of Sh2.27 billion owed to the Naivasha-based geothermal power producer, the firm disclosed last week.

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