Nairobi, Thursday, Dec. 4, 2025: Kenya Electricity Generating Company PLC (KenGen), East Africa’s largest power producer, approved a higher dividend on Thursday after reporting a year of strong earnings and operational gains. At the company’s 73rd Annual General Meeting in Nairobi, shareholders endorsed a first and final dividend of Ksh.0.90 per ordinary share for the financial year ended June 30, up from Ksh.0.65 last year. The increase follows a 54% rise in profit after tax, to Ksh.10.48 billion, driven by cost reductions, expanded revenue streams and an improved foreign exchange position.

KenGen’s chairman, Hon. Alfred Agoi, said the payout reflects confidence in the company’s financial fundamentals and long-term strategy.“This dividend uplift is not only a reflection of strong financial results but a reaffirmation of KenGen’s commitment to delivering value to shareholders,” Hon. Agoi said. “We are optimizing efficiency, diversifying revenue sources and unlocking new growth opportunities in the region. Our goal is to secure long-term returns while driving Kenya’s clean energy transition.”Kenya’s broader economic environment remained resilient through 2024-25, with steady growth in agriculture and industry and rising electricity demand. National power consumption reached record highs in November, as peak demand climbed to2,418.77MW and energy dispatch hit 44,555.80MWH (megawatt-hours),underscoring increased industrial activity.

KenGen continued to anchor the national grid, supplying roughly 60% of the country’s electricity. The company’s installed capacity stands at 1,786MW, which generated 8,482GWh over the past financial year.Revenue held steady at Ksh.56.1 billion, while income from diversified activities surged 235%, buoyed by geothermal consultancy contracts in Eswatini and expanded regional work. Operating costs declined 11% to Ksh.35.1 billion as the company tightened cost controls and improved operational efficiency. KenGen also recorded net foreign exchange and fair value gains of Ksh.1.45 billion, compared with a loss of Ksh.722 million the previous year, aided by a more favorable currency environment. Finance costs fell following loan repayments, reinforcing KenGen’s shift toward a lower-debt balance sheet. Eng. Peter Njenga, the Managing Director and CEO, said the results reflect continued execution of the company’s strategic priorities.

“Our financial performance reflects our positioning as a regional renewable energy leader,” Eng. Njenga said. “We have strengthened efficiency, widened our geothermal consultancy footprint and accelerated delivery of new generation capacity both locally and across the region.”KenGen is advancing its long-term G2G 2034 Strategy, which targets 1,500 megawatts of new renewable capacity and 500MWh of energy storage to support Kenya’s energy security and low-carbon industrialization goals.The company is in discussions to participate in the proposed 700MWh High Grand Falls hydropower project and is exploring storage solutions, including battery energy storage systems and pumped hydro. Regionally, KenGen is expanding its geothermal consultancy portfolio, with active or emerging projects in Ethiopia, Djibouti, Eswatini, Ngozi and Bhutan. A partnership with Toshiba ESS aims to scale geothermal operations and maintenance services in developing markets.

KenGen’s Geothermal Training Centre continues to train specialists from Africa and Asia, bolstering Kenya’s role as a global hub for geothermal expertise. The company enters 2026 with a near-term project pipeline of 252MW, including the 63MW Olkaria I Rehabilitation, the 42.5MW Seven Forks Solar project and the expansion of the 8.6MW Gogo Power plant in Migori county. These developments are expected to strengthen grid reliability, support industrial expansion and accelerate Kenya’s transition to fully renewable power.

“Our investment priorities will continue to deliver sustainable energy, create value for shareholders and support Kenya’s industrial transformation,” Mr. Njenga said.

Ends/
Note to Editor:

About KenGen
Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region with an installed generation capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 90% is drawn from green sources namely: Hydro (826 MW), Geothermal (754 MW), Wind (25.5 MW). The balance is from Thermal.

For media queries please contact:
Frank D. Ochieng, Tel:0721816896 Email:
This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Nairobi, Monday, December 1, 2025 Kenya today signalled a new phase in its clean-energy ambitions after the Cabinet Secretary for Energy and Petroleum, Hon. Opiyo Wandayi, announced that Kenya Electricity Generating Company PLC (KenGen) will be the owner-operator of the country’s first nuclear power plant, to be developed in partnership with the Nuclear Power and Energy Agency (NuPEA).

CS Wandayi said the decision aligns with President William Ruto’s call for Kenya to add about 10GW of electricity to propel the nation into a first-world economy. He noted that the first nuclear development will be approximately 2GW, with plans to scale up to 6GW of nuclear capacity over time.“This marks the beginning of Kenya’s nuclear-power era,” the CS said. “Assigning KenGen the owner-operator role ensures the programme is anchored in strong technical capability, public trust, and long-term national interest.”The announcement came during the signing of a landmark Memorandum of Understanding (MoU) between KenGen and NuPEA establishing a Joint Engagement Framework to guide national readiness for nuclear power. The agreement launches one of the most comprehensive public-engagement initiatives in Kenya’s energy history, aimed at building understanding, confidence, and preparedness as the country evaluates nuclear power as a future component of its energy mix. CS Wandayi emphasized that the partnership puts transparent communication and scientific accuracy at the centre of Kenya’s nuclear planning. “This MoU will deepen public awareness, strengthen stakeholder engagement, enhance institutional capabilities, and prepare the ground for a reliable low-carbon baseload option,” he said. KenGen Chairman Hon. Alfred Agoi welcomed the move saying: “KenGen has a long experience and expertise in construction, operation and maintenance of power plants ranging from Geothermal, hydro, wind, solar and now ready to lead the next phase to help Kenya develop its first nuclear power plant. ”KenGen Managing Director and CEO Eng. Peter Njenga said the collaboration aligns with the company’s long-term plan to help the country transition to a diversified, secure clean-energy system.

“Today’s agreement marks a bold step forward for Kenya’s energy security,” he said. “KenGen has led Kenya’s clean-energy evolution—from hydropower to geothermal and wind. Nuclear energy is the next frontier for nations seeking stable, affordable, low-carbon baseload power. Our partnership with NuPEA signals our readiness to play a central role in shaping Kenya’s energy future, anchored in industrial growth, job creation, and global competitiveness.” Eng. Njenga added that KenGen’s designation as the owner-operator of nuclear facilities will leverage the company’s public trust, operational depth, and national footprint. “This is not just a communication effort, it is a national preparation effort.

Our mandate is to ensure Kenyans have factual, accessible, and timely information as we evaluate this globally proven and highly regulated technology.” NuPEA CEO Justus Wabuyabo welcomed the partnership as a turning point in Kenya’s transition from planning to implementation readiness. Under the MoU, KenGen and NuPEA will establish a Joint Working Group responsible for: developing a national communication and public-engagement strategy, mapping key stakeholder groups across all counties, implementing nationwide public education and media campaigns, convening technical forums and expert dialogues, training journalists, county officials, educators, and community leaders on nuclear fundamentals, and creating a joint feedback and grievance-response mechanism aligned with global best practice The Framework will also support early-stage siting and land-related processes, with KenGen contributing expertise from decades of executing large-scale infrastructure projects. Both parties stressed that any siting activities will follow rigorous public-participation standards, continuous disclosure, and inclusive decision-making.

For consumers and investors, this translates into more predictable tariffs, cut power interruptions, and an help build an energy environment capable of supporting advanced manufacturing and digital industries.

Ends/
Note to Editor:

About KenGen
Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region with an installed generation capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 90% is drawn from green sources namely: Hydro (826 MW), Geothermal (754MW), Wind (25.5 MW). The balance is from Thermal.

For media queries please contact:
Frank D. Ochieng, Tel:0721816896 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

NAIROBI, MONDAY, NOVEMBER 3, 2025: Kenya has launched the world’s firstgeothermal-powered green fertilizer project, in a groundbreaking partnership between the Kenya Electricity Generating Company PLC (KenGen) and China’s Kaishan Group Co. Ltd, signaling a new frontier in the continent’s clean energy and agricultural transformation.

Speaking during the groundbreaking event held in Olkaria Naivasha, H.E. President William Ruto said the project was going to support the growth of Agriculture and industrialization by lowering cost of input for local farmer. “This project shows that Kenya is not just a leading producer and consumer of clean energy, we are now going further to add value and generate prosperity from it,” the President said adding, “By harnessing our geothermal wealth, we are lowering fertilizer costs, supporting our farmers, and contributing to global climate goals.”

The President went on to say: “our agriculture is highly dependent on fertilizer prices with high prices leading to decline in maize output nationally. As we know, maize is the staple crop that feeds millions of Kenyans. That is why domestic, competitively priced fertilizer matters not just for commerce, but for food security for our people.”President Ruto touted the project as a gamechanger saying it was going to create direct benefit to Kenyans. He said: “Beyond fertilizer and balance-of-payments improvements, this project will generate real opportunities on the ground. The partnership projects over 2,000 direct and indirect jobs in construction, operations, maintenance, supply chains, and services. These are not temporary handouts, they are career pipelines for electricians, plant operators, process engineers, logistics managers, lab technicians, and local suppliers.”

The agreement signed earlier with KenGen and witnessed by Energy and Petroleum Cabinet Secretary, Hon. James Opiyo Wandayi, marks one of the most ambitious industrial decarbonization projects on the continent. The first of a kind initiative aims to use geothermal steam to power the production of green ammonia and fertilizer, dramatically cutting carbon emissions and fertilizer import dependence across the Eastern Africa region. Under the agreement, Kaishan’s Kenyan subsidiary, Kaishan Terra Green Ammonia Limited, will construct and operate the facility using 165MW of geothermal energy supplied by KenGen over a 30-year period. The plant is expected to produce between 200,000 and 300,000 tonnes of green fertilizer annually, making Kenya the first nation in Africa, and among only a handful worldwide, to industrialize fertilizer production entirely through renewable energy.

The project is forecast to avoid more than 600,000 tonnes of carbon dioxide emissionseach year and generate more than 2,000 direct and indirect jobs. It will also deliver an estimated USD 13 million in annual net profits to KenGen, while stabilizing fertilizer prices for farmers and strengthening national food security. Speaking during the groundbreaking ceremony, KenGen’s Managing Director and CEO, Eng. Peter Njenga, described the partnership as a “milestone in clean industrialization,” noting that geothermal power is the “bridge between Africa’s green energy potential and its manufacturing future.” He added that Kenya’s leadership in geothermal development, already ranked among the world’s top ten producers, gives
it a unique advantage in pioneering low-carbon manufacturing models for the Global South.

The Olkaria project is aligned with the Government’s Bottom-Up Economic Transformation Agenda (BETA), which emphasizes local value addition, job creation, and food system resilience. It also forms part of the Africa Green Industrialization Initiative, launched at COP28 to accelerate green manufacturing across the continent. The project could set a precedent for other African nations seeking to couple renewable energy resources with industrial production. By converting geothermal heat, an abundant but underused resource, into a driver of agricultural self-sufficiency, Kenya may have offered a blueprint for the continent’s green growth.

Ends…
Note to Editor:

About KenGen
Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region with an installed generation capacity market share of
more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders. Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 90% is drawn from green sources namely: Hydro (826 MW), Geothermal (754 MW), Wind (25.5 MW). The balance is from Thermal.

For media queries please contact:
Frank D. Ochieng, Tel:0721816896 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

NAIROBI, October 31, 2025: The Kenya Electricity Generating Company PLC (KenGen) has reported solid financial results for the year ended June 30, 2025, underscoring its central role in powering Kenya’s economy while advancing the nation’s clean energy transition.

The NSE-listed power generator recorded a 54% rise in profit after tax to Ksh.10.48 billion, compared with Ksh.6.80 billion in 2024, buoyed by stronger operational efficiency, cost optimization, and increased generation from its diversified energy portfolio. Profit before tax rose 42% to Ksh.15.47 billion.

“KenGen’s performance this year reflects the strength of our strategy, our people, and our commitment to sustainable energy,” said Eng. Peter Njenga, KenGen’s Managing Director and CEO adding, “As we build on this momentum, we remain dedicated to powering Kenya’s future with clean, reliable, and affordable electricity.” Notably, revenue from non-traditional sources grew by 235%, reflecting the company’s expanding diversification and consultancy business, including the successful completion of geothermal work in Eswatini. Revenue for the year remained stable at Ksh.56.10 billion, compared to the previous year’s Ksh.56.30 billion.

Operating expenses declined by 11% to Ksh.35.14 billion, driven by lower depreciation charges and reduced overheads resulting from ongoing efficiency initiatives. Net foreign exchange and fair value gains amounted to Ksh.1.45 billion, compared to a loss of Ksh.722 million in the previous year, reflecting the stabilization of the Kenya Shilling. Meanwhile, finance costs fell by 20% to Ksh.2.25 billion, supported by continued loan repayments and a reduced debt balance.

KenGen’s total assets rose to Ksh.505.6 billion, from Ksh.491.3 billion the previous year, while shareholder equity climbed to Ksh.284.5 billion. The company ended the year with cash and cash equivalents of Ksh.30.1 billion, up from Ksh.25.6 billion in 2024. Operationally, KenGen maintained a strong performance amid steady economic growth and heightened energy demand. Kenya’s national peak electricity demand reached a record 2,392MW in August 2025, a 5% increase from the prior year.

KenGen’s installed capacity of 1,786 MW including geothermal, hydro, wind, and thermal generation, produced 8,482GWh of electricity, up 1% from 2024. Looking ahead, the company said it remains focused on delivering its G2G 2034 Strategy, which aims to accelerate renewable energy development and diversify revenue streams. Its current project pipeline of 253MW includes the 63MW Olkaria

I project, the 42.5MW Seven Forks Solar Project, and the 8.6MW Gogo Hydro Power Plant upgrade. KenGen is also advancing its regional expansion, with the upcoming
geothermal drilling project in Ngozi, Tanzania, marking a significant milestone in its cross-border ambitions.

"As we move forward, KenGen's leadership in renewable energy and our ongoing commitment to innovation and sustainability will remain at the core of everything we do. We are not just providing energy; we are helping to shape a greener, moresustainable future for Kenya and the region," said Eng. Njenga.

Ends…

Note to Editor:
About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region with an installed generation capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which about 90% is drawn from green sources namely: Hydro (826 MW), Geothermal (754 MW), Wind (25.5 MW). The balance is from Thermal.

For media queries please contact:
Frank D. Ochieng, Tel:0721816896 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Looking ahead, KenGen is enhancing its capacity through ongoing investments in new geothermal and wind projects, upgrading and modernization of aging hydro infrastructure, and digitalization of plant operations. These initiatives aim to support not just peak demand events but to build a resilient grid for future industrial growth, urbanization, and cross- border energy trade. As electricity demand continues to set new records, KenGen remains committed to innovation, sustainability, and powering a brighter Kenya.

Ends/

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region with an installed generation capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 90% is drawn from green sources namely: Hydro (826 MW), Geothermal (754 MW), Wind (25.5 MW). The balance is from Thermal.

For media queries please contact: Frank D. Ochieng, Tel:0721816896 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

In western Kenya, around the Gogo and Sondu power stations, the company distributed over 100,000 seedlings to small-scale farmers. Similar programs, the company said, aim to improve food security and support household incomes. “For our community partners, tree growing is not just about conservation,” a KenGen sustainability officer said. “It’s a source of income, dignity and resilience.”

KenGen has also involved schools and its own staff in the program. Through its Green Initiative Challenge, over 100 schools in Embu, Kitui and Machakos counties have planted 30,000 trees. Staff members have grown more than 80,000 trees in their homes and farms, while partnerships with golf clubs have added another 20,000 trees to urban green spaces.

Ends/

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC (KenGen) is the leading electricity generation company in the Eastern Africa region, with an installed generation capacity market share of over 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,786 MW, of which over 93% is drawn from renewable sources, namely Hydro (826 MW), Geothermal (754 MW), and Wind (25.5 MW). The balance is from Thermal.

For media queries, please contact: Frank D. Ochieng, Tel: 0721816896 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.