Nairobi, Wednesday, March 12, 2025: In a landmark collaboration between energy and motorsport, the Kenya Electricity Generating Company PLC (KenGen) has announced a transformative partnership with the World Rally Championship (WRC) Safari Rally 2025, positioning Kenya as a global leader in sustainable energy integration within high- performance sports.

Speaking at the unveiling of the partnership, KenGen’s Managing Director and CEO, Eng. Peter Njenga, underscored the significance of the alliance, describing it as a bold step toward a cleaner, more energy-efficient future.

“Our partnership with WRC Safari Rally 2025 is more than a collaboration; it is a powerful statement of intent,” Njenga said. “It exemplifies how global sports and energy innovation can converge to redefine sustainability in high-performance environments.”

The NSE-listed firm’s CEO went on to say: "This partnership represents a perfect alignment of innovation, sustainability, and national pride, as we celebrate our renewable energy leadership through the KenGen Geothermal Stage."

At the heart of the partnership is the introduction of the KenGen Geothermal Stage, set against the backdrop of Olkaria, Africa’s largest geothermal power hub. The stage will serve as a live demonstration of how cutting-edge renewable energy solutions can seamlessly integrate with the adrenaline-fueled world of rally racing.

“This is perhaps the only place in the world where large-scale energy investments operate

alongside nature without altering the environment but rather enhancing it,” Njenga noted.

KenGen, the leading electricity producer in Eastern Africa, is leveraging its expertise in geothermal, wind, and hydropower to revolutionize energy access while reducing carbon emissions. The company has committed to several groundbreaking sustainability initiatives at the 2025 rally, including electric vehicle (EV) charging stations powered by geothermal energy to reduce the event’s carbon footprint, solar-powered infrastructure to minimize reliance on fossil fuels, and an energy-efficient rally village demonstrating scalable clean energy solutions.

Beyond sustainability, the partnership is driving inclusivity within motorsport. KenGen announced a Ksh.500,000 sponsorship for Kenya’s top lady rally driver, Pauline Sheghu, reinforcing its commitment to breaking gender barriers in a traditionally male-dominated sport.

“Pauline, as you take to the track, you carry with you not just the KenGen brand but also the hopes of young girls and future motorsport champions across Africa. We are behind you all the way,” Njenga said.

KenGen also introduced gender-focused initiatives such as Pink Energy and Blue Energy, aimed at empowering women and young professionals in clean energy and sports.

KenGen is also enhancing the rally fan experience through innovation-driven engagements, including interactive clean energy hubs where fans can experience geothermal and other green energy technologies firsthand, real-time renewable energy demonstrations showcasing Kenya’s clean energy leadership and to highlight the impact of sustainable power solutions.

Nairobi, Wednesday, 12th March 2025: Kenya Electricity Generating Company PLC (KenGen), East Africa’s leading electricity generator, has today announced a record dividend payout totalling Ksh.4.3 billion to its shareholders.

Included in this payout is a disbursement of Ksh.3 billion to the Government of Kenya, the company’s majority shareholder, a move that marks a 117% per-share increase over the previous year and follows a profit after tax of Ksh.6.8 billion for the year ended the 30th of June 2024.

This follows an earlier payout of 30% amounting to approximately Ksh.1.3 billion, which was paid out to the private and institutional shareholders on February 13, 2025.

This announcement was made during a joint press conference at Stima Plaza in Nairobi where KenGen Chairman, Hon. Alfred Agoi and Managing Director and CEO, Eng. Peter Njenga delivered a dummy cheque to the National Treasury and Economic Planning CS. Hon. John Mbadi. The leaders underscored the significance of the dividend as a testament to the NSE-listed power generator’s robust financial performance and its strategic alignment with national development goals.

“We are immensely proud of KenGen as a model of excellence for the National Treasury. Their stability, cost efficiency, and reliability in energy supply are key indicators of our nation’s economic performance, and KenGen stands at the heart of our energy value chain. We value your work for the economic survival of our country and will continue to support new projects with funding from development partners,” said CS. Mbadi.

For his part, State Department for Energy PS. Alex Wachira said: “KenGen is well run, consistently delivering profit year after year. Moving forward, our focus will be on supporting new projects in geothermal, hydro, solar, and wind through backing from the National Treasury to help access funds from development partners.”

KenGen Chairman Agoi reiterated that the achievement resulted from sustained efforts to boost electricity generation, enhance operational efficiencies, and execute prudent financial management. “Our dividend payout is not merely a financial milestone but a clear reflection of effective policy collaborations and our commitment to Kenya’s growth,” said Hon Agoi.

CEO, Eng. Njenga echoed these sentiments, adding, “Our performance demonstrates our ability to balance immediate shareholder returns with long-term investments in Kenya’s energy future. This dividend is a tangible affirmation of our strategic focus, which has optimised our operations and reinforced our leadership in the power generation sector.”

He highlighted that the company’s performance had benefited significantly from supportive public policies, robust partnerships, and a regulatory framework designed to foster sustainable development.

Both executives pointed to the critical role of strategic investments and policy synergy in driving KenGen’s success. They noted that the company’s ongoing investments in operational excellence and innovation are set to enhance energy security further and stimulate economic progress across the nation.

During the formal cheque handover ceremony, Hon. Mbadi commended the Ministry of Energy and Petroleum and KenGen for a rare occasion where the government receives money from local agencies.

Nairobi, Friday, March 7, 2025: Kenya Electricity Generating Company PLC (KenGen) has been recognized for its leadership in digital transformation, winning the Best Public Sector Digital Innovation in Energy & ICT Award at the 2025 Digital Transformation Public Sector Awards (DTPS).

The accolade honors KenGen’s groundbreaking project that integrates Internet of Things (IoT) technologies to optimize operations and maintenance (O&M) in geothermal power plants. The awards come as the NSE-listed company forges ahead with its ambitious G2G 10-year strategy, aimed at transforming operations and scaling renewable energy capacity, leveraging on technology.

The award was received by Mr. Ahmed Isaack, KenGen’s General Manager, ICT, in the presence of Cabinet Secretary for ICT & Digital Economy, Hon. William Kabogo, and Principal Secretary Eng. John Tanui, along with top executives from Kenya’s public and private sectors. The forum brought together over 400 government and technology leaders to discuss advancements in digital transformation.

Speaking at the event, Ahmed Isaack emphasized the significance of KenGen’s IoT-driven initiative in enhancing the efficiency and sustainability of geothermal energy production.

“This award is a testament to KenGen’s commitment to digital transformation and innovation. By integrating IoT technology into our geothermal power plants, we are revolutionizing operations and maintenance, improving predictive maintenance, reducing downtime, and ensuring greater efficiency in power generation. This is a game-changer for sustainable energy,” Isaack said.

The winning project deploys smart sensors and real-time data analytics to enhance monitoring and predictive maintenance across KenGen’s geothermal plants. By leveraging IoT, KenGen has significantly improved operational efficiency while ensuring cost-effectiveness and environmental sustainability.

During a panel session on “Strengthening Data Security and Privacy in the Public Sector,” Isaack also addressed the evolving challenges of cybersecurity in the energy sector, noting that critical infrastructure is frequently targeted by cyber threats.

“Cybersecurity is a process, not a product. Energy infrastructure remains a prime target, and attackers often exploit human vulnerabilities as entry points. At KenGen, we have a fully-fledged Information Security framework that continuously deploys and updates cybersecurity initiatives to protect both enterprise technology and plant control systems. It’s a delicate balance between efficiency and security, reinforced by constant awareness and upskilling through ICT clinics, email tips, and our KenGen Weekly Magazine,” he said.

Isaack credited KenGen’s Board and Executive Committee (ExCO) for their unwavering commitment to digital transformation, ensuring that ICT remains central to the company’s long-term strategy.

The annual awards aim to recognize public sector organizations that have consistently utilized technology to improve their operations and service delivery to Kenyan citizens, with particular emphasis on effectiveness, efficiency, transparency, and enhanced service delivery. This achievement underscores KenGen's position as a leader in technological innovation within Kenya's energy sector and reinforces the company's dedication to digital transformation as a key pillar of its strategic growth.

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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

Nairobi, Wednesday, March 5, 2025: Kenya Electricity Generating Company PLC (KenGen) Managing Director and CEO, Eng. Peter Njenga, has been appointed as Co-Chair of the Business 20 (B20) Task Force on Energy Mix and Just Transition under South Africa’s G20 presidency in 2025.

This appointment places Eng. Njenga at the center of high-level discussions on the future of sustainable energy, where he will work alongside global industry leaders, policymakers, and executives to shape strategies for transitioning to cleaner energy sources while ensuring economic and social equity. The B20 is the official business engagement group of the G20, representing the private sector’s voice in shaping international economic and policy decisions.

Speaking on his appointment, Eng. Njenga described the opportunity as a key moment for both Kenya and Africa. He said: “This appointment underscores Kenya’s growing influence in global green energy transition. I am truly humbled to be first Kenyan to hold this prestigious role which gives us an opportunity to shape energy policies on a global scale.”

With this appointment, Africa finds itself in a unique position to influence the global agenda on climate action and energy security. Eng. Njenga’s appointment signals a deliberate effort to integrate Africa’s priorities into this global dialogue, positioning Kenya - and by extension, the continent - as a leader in renewable energy innovation and policy advocacy.

Kenya, widely recognized as a renewable energy powerhouse, derives over 90% of its electricity from clean energy sources, making it one of the most sustainable energy economies in the world. KenGen has been at the forefront of this transition, with an installed capacity of over 1,786MW, of which 754MW come from geothermal power, a sector where the company is the leading producer in Africa.

Under Eng. Njenga’s leadership, KenGen has not only expanded its renewable energy portfolio but has also positioned itself as a key player in regional and global conversations about energy security, climate resilience, and sustainable economic growth. His new role within the B20 Task Force on Energy Mix & Just Transition is expected to further elevate KenGen’s standing in the global energy landscape.

“This is a defining moment, not just for KenGen and Kenya, but for the African continent. It reflects the recognition of our leadership in renewable energy and our commitment to a just and sustainable energy transition. As we engage with global stakeholders, my priority will be to ensure that Africa’s unique challenges and opportunities are at the heart of global energy policy discussions,” said Eng. Njenga.

The B20 Task Force on Energy Mix & Just Transition will play a critical role in shaping the future of energy policy. It will engage with governments, financial institutions, and private sector leaders to develop recommendations on clean energy adoption, energy security, and climate resilience. These policy positions will be presented at the B20 Summit, which will feed directly into the G20 Leaders’ Summit in South Africa later in the year.

Nairobi, Friday, February 28, 2025: The Government of Kenya, through the Ministry of Investments, Trade, and Industry, has officially declared the Olkaria area in Naivasha, a Special Economic Zone (SEZ). This milestone is set to position Kenya as a regional hub for industrialization while leveraging the country’s world-class geothermal resources for sustainable economic growth.

The Olkaria Special Economic Zone in Nakuru County spans approximately 8,292 acres and will serve as a key driver for industrial investment, clean energy manufacturing, and export- oriented production. By providing businesses with incentives such as tax exemptions, infrastructure support, and access to affordable geothermal power, the SEZ is expected to attract local and international investors seeking cost-effective, sustainable operations.

Speaking on the designation, KenGen Managing Director and CEO, Eng. Peter Njenga, emphasized the strategic importance of the Olkaria SEZ in Kenya’s economic transformation agenda and transition to clean energy.

“This declaration cements Kenya’s commitment to industrialisation, job creation, and sustainability. Olkaria’s abundant geothermal energy makes it an ideal location for industries looking for reliable, low-cost, and green power, aligning with Kenya’s vision of becoming a global leader in renewable energy-driven industrialization,” said Eng. Njenga.

According to the NSE-listed energy generator, the Olkaria SEZ will support industries in green manufacturing, agro-processing, electric mobility, and data centres, among others. The move aligns with the government’s Bottom-Up Economic Transformation Agenda (BETA) and Kenya’s commitment to net-zero industrialisation.

With its strategic location along key transport corridors, including the Standard Gauge Railway (SGR) and the Nairobi-Mombasa Highway, the Olkaria SEZ will provide investors with seamless access to both local and global markets.

The Olkaria SEZ which hosts KenGen’s Green Energy Park is part of Kenya’s broader strategy to enhance industrial competitiveness by offering a conducive business environment with world-class infrastructure, reliable green energy, and investor-friendly policies. It aims to attract manufacturers, technology firms, and energy-intensive industries looking to capitalize on Kenya’s geothermal potential.

“Our Green Energy Park represents a transformative shift in Kenya’s approach to industrial development. By integrating clean energy solutions into manufacturing and industrial operations, we are not only reducing carbon emissions but also ensuring long-term sustainability and cost efficiency for businesses. This initiative aligns with our vision of making Kenya a top destination for investors seeking green energy-powered industrial operations,” said Eng. Peter Njenga.

According to KenGen, the park is expected to attract industries such as Agro-processing and companies seeking sustainable and cost-effective power for food processing and value addition, textile and apparel manufacturing, electric mobility production, Data centers and ICT firms, all looking to transform their businesses into fully sustainable, green-powered enterprises.

Nairobi, Thursday, February 6, 2025: The Kenya Electricity Generating Company (KenGen) PLC, East Africa’s largest electricity producer, has reported a 79% growth in profit after tax for the six months ending 31st December 2024, accentuating the company’s resilience in a shifting energy landscape.

The NSE-Listed (KEGN) power producer posted a net profit of Ksh.5.30 billion, up from Ksh.2.96 billion in the same period last year, a gain primarily driven by aggressive cost-cutting measures and enhanced operational efficiencies.

At the same time, KenGen achieved a 49.4% increase in operating profit, reaching Ksh.6.65 billion from Ksh.4.45 billion in the previous period. This improvement was fueled by a 13.7% reduction in operating expenses, which fell to Ksh.17.67 billion from Ksh.20.47 billion. Revenues, on the other hand, remained stable at Ksh.27.5 billion.

“This performance is a testament to KenGen’s financial discipline and strategic focus on efficiency,” said Eng. Peter Njenga, the company’s Managing Director and CEO. “We are optimizing our assets, streamlining operations, and leveraging our leadership in renewable energy to drive long-term value for our shareholders and the country.”

The company’s finance income rose to Ksh.2.45 billion from Ksh.1.87 billion, augmented by higher returns on cash investments and a more stable Kenyan shilling. Meanwhile, finance costs dropped to Ksh.1.13 billion from Ksh.1.49 billion, reflecting improved capital management and debt optimization.

KenGen remains at the forefront of Kenya’s renewable energy transition, supplying 4,291GWh of electricity in the half-year period, up from 4,211GWh in the previous period. This increase was primarily supported by improved hydrology and availability of our generation fleet.

Looking ahead, KenGen is focused on expanding its renewable energy portfolio under its G2G 2034 Strategy, a long-term blueprint aimed at bolstering Kenya’s green energy transition. Between 2025 and 2027, the company plans to add 194.4MW of installed capacity across geothermal, hydro, and solar projects, along with 100MWh of battery energy storage to enhance grid stability.

With a strong balance sheet and a firm commitment to sustainability, KenGen is positioning itself as a key player in Africa’s clean energy future. However, the company’s Board has opted not to declare an interim dividend for the period, prioritizing reinvestment and long-term strategic growth to maximize shareholder value.

KenGen’s earnings per share (EPS) surged by 78% to Ksh.0.80, up from Ksh.0.45, reinforcing the company’s ability to create shareholder value in a dynamic energy market.

“We are driving the future of energy in Kenya,” said Njenga, adding: “Our commitment to operational excellence and innovation ensures that Kenyans will continue to benefit from reliable and affordable electricity for years to come.”

KenGen remains at the heart of Kenya’s transition to a low-carbon energy future, leveraging its geothermal stewardship and renewable energy expertise. With a resilient business model, strong financial fundamentals, and a clear vision for growth, KenGen is primed to play a catalytic role in shaping the future of Africa’s energy industry.

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