A debt filled power company.

Photo hivisasa

Kenya Power has turned to the government due to negative capital. This is for the third year in a row. The company also has huge debts to various private power distributors in the country. The government has decided that it will help the troubled company. This obviously indicated that the company’s shareholders have not received their dividends for the past 3 years.

They will be helped by the government in revenue collecting from the public and state agencies. County governments and health facilities also have huge pending electricity bills. Government agencies have even larger debts. The earnings of the company are expected to drop. This will obviously lead to a rise in electricity cost and seeing that the pandemic has affected our economies we can just but wait and see how this will turn out.