Lake Turkana Wind Power (LTWP) has ruled out any reductions in wholesale electricity prices, making it the biggest independent power producer to publicly reject the push by government to bring down tariffs by a further 15 percent.
LTWP Chief Executive Officer Phylip Leferink said on Tuesday that lowering its prices to Kenya Power #ticker:KPLC will hurt its cash flows and ability to honour its financial obligations like loan repayments.
