KenGen earns Sh27.6m from managing power firm Aggreko - News Summed Up

KenGen earns Sh27.6m from managing power firm Aggreko


KenGen earns ¢0.75 (Sh0.75) per kilowatt-hour in management fees for all the temporary power generated by Aggreko in Muhoroni and Garissa, according to the State-owned firm. The two Aggreko emergency power plants have since been shut down. The latest disclosure means KenGen has pocketed Sh916.6 million in fees for managing Aggreko’s expensive emergency power projects over the last decade, official data shows. The earnings paint the mixed fortunes of emergency power; saddling homes and manufacturers with high power bills, but generating income for the listed power producer. The Aggreko Muhoroni plant was replaced by a 30-megawatt gas turbine owned and operated by KenGen.


Source: Daily Nation November 22, 2016 18:56 UTC



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