Kenya Power #ticker:KPLC owes its key supplier the Kenya Electricity Generating Company #ticker:KNGN Sh23.7 billion, pointing to a growing debt distress to the monopoly energy distributor.
The debt covering the period to June 2020 excludes another Sh19.48 billion owed to Independent Power Producers supplying it with electricity and Sh4.67 billion owed to the Kenya Electricity Transmission Company.
