The Treasury has cut Kenya Power bailout this financial year by nearly three-quarters on the back of improving revenue and the expiry of the 15 per cent tariff cut that will ease liquidity challenges, disclosures to the International Monetary Fund show.
The State-controlled utility will get Sh2.35 billion in support from taxpayers to partly offset the liquidity gap emanating from January 2022 electricity tariff reduction compared with Sh9.05 billion in the year that ended last June.
