#KenGenEnergyCafe

Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%.

It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year.

Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt.

KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn.

All new invoices to be REGULARLY cleared.

There was recently talk about GoK giving Kengen debt relief.

To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic.

Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year.

Rebecca_miano says the following are under feasibility study:

Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW.

Raising the height of Masinga Dam Spillway by an additional 1.5Metres.