Kenya Power paid Sh1.96 billion ($15.2 million) to US energy firm Ormat Technology in April and May as part of overdue obligations for geothermal power purchases from the latter’s Naivasha plant, new disclosures show.
The payments helped to reduce a balance of Sh5.78 billion ($44.7 million) that was pending at the end of March, adding to earlier payments of Sh2.58 billion done in January and February. Ormat did not disclose whether there was a payment made in the month of March.
