Kenya Electricity Generating Company, KenGen, has posted a 98 percent increase on its profit after tax to hit Sh8.17 billion for the first half of the 2019/2020 financial year ending December 2019.
The company has attributed the growth to tax savings arising from the completion of 165MW Olkaria V geothermal project which also resulted in a tax credit of Sh1.89 billion, compared to a tax expense of Sh1.9 billion in the previous period.
