State explores new terms for Sh65bn Kenya Power debt

Kenya Power chief executive Bernard Ngugi. FILE PHOTO | NMG

The State is reviewing Sh65.96 billion Kenya Power #ticker:KPLC commercial debt to retire expensive ones through international partners to lift the utility firm from liquidity crunch.

Kenya Power latest disclosures show that government sees this as a way of saving the company from high loan servicing costs that have contributed to the dimmed fortunes of the electricity distribution monopoly.

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