The power producer reported a Sh6.7 billion profit after tax during the year, a dip from Sh11.5 billion realised during 2014/2015 financial year. However, its profit before tax rose 30 per cent to Sh11.2 billion during the year under review, from Sh8.6 billion in the 2014/15 financial year. The drop in profit after tax was attributed to an increase in the amount of taxation paid during the year. The firm got a tax break in 2014/15 after commissioning power plants in its geothermal fields at Olkaria in Naivasha. “We added 15MW well-head power plants to our fleet bringing our total installed capacity to 1,623MW.

Source: Standard Digital October 20, 2016 16:30 UTC