Push for new Kenya Power debt relief plan

Kenya Power building along Aga Khan Walk, Nairobi. PHOTO | LUCY WANJIRU | NMG

The presidential task force appointed to review operations of the loss-making Kenya Power wants the repayment of Sh53.27 billion loans held by the struggling State agency delayed for two years to ease pressure on its finances.

The debts, tapped from institutions like International Development Agency (IDA), China Exim Bank, and Japan Development Bank, are guaranteed by the State and are therefore payable to the government.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.