Kenya Power #ticker:KPLC got a reprieve after it was spared the burden of paying Sh71.5 million to an insurance firm following a fire incident that occured in Malindi nine years ago.
The utility firm succeeded in an appeal against a High Court judgment directing it to pay African Merchant Assurance Company Ltd (Amaco) the amount being total loss incurred as a result of a fire which razed several premises in Malindi.
