The Treasury has revealed a four-point plan to restructure Kenya Power that will see the utility get more than Sh19.4 billion from the taxpayer and a shake-up of its governance structure in a fresh push to turn around its fortunes.
Treasury Cabinet Secretary Njuguna Ndung’u in his budget speech on Thursday said the government will inject Sh19.4 billion to clear the debt it owes Kenya Power under the scheme besides commercialising all future dealings with the Rural Electrification and Renewable Energy Corporation (Rerec).
