KPLC starts asset valuation for Ketraco deal

Kenya Power workers at work along Nyerere Avenue in Mombasa. FILE PHOTO | KEVIN ODIT | NMG

Kenya Power (KPLC) has started valuing its transmission line assets ahead of the sale and transfer to the Kenya Electricity Transmission Company Limited (Ketraco) in line with the Cabinet's order.

The utility firm is responding to the Cabinet’s May decision that will see it give up the transmission assets to Ketraco at market rates to use the proceeds in debt settlement.

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