A Sh36.8 billion loan to Kenya Power meant to fund underground electricity transmission to key areas, including State House, has been lying idle for the past six years, costing taxpayers millions in commitment fees.
Documents tabled in Parliament show that the Treasury signed the loan worth Chinese yuan 1.885 billion (Sh36.8 billion at current exchange rates) with China Exim Bank on May 15, 2017, but later flagged the project as non-priority.
