Kenya Power risks losing Sh16bn in rural electrification - Business Daily

The debt, disclosed for the year ended June 2020, had risen from Sh11.9 billion a year before.

By Victor Juma Business Editor Nation Media Group Kenya Power #ticker:KPLC risks losing Sh16.5 billion the government owes it under the rural electrification scheme, the Auditor-General Nancy Gathungu has warned. The debt, disclosed for the year ended June 2020, had risen from Sh11.9 billion a year before. The receivables have been accumulating over the years and are part of a larger amount that the electricity distributor has been unable to collect from the government. “This balance, which relates to management of the Rural Electrification Scheme on behalf of the government, is long…

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