KenGen to issue bond worth KES 30 billion
22 February 2013, 18:34
Nairobi - Kenya Electricity Generating Company (KenGen) plans to raise KES 30 billion through a 20-year bond by use of asset-backed securities (ABS).
According to The Standard, the power generating company needs an estimated $5 billion (KES 435 billion) in the next five years in order to deliver adequate power to Kenyans.
KenGen intends to double its current total capacity to 3 000 megawatts.
- For more visit The Standard