Mombasa, Friday, October 27, 2023: Kenya Electricity Generating Company PLC (KenGen), has reported a significant 48% growth in profit after tax for the year ended June 30, 2023, surging to Ksh.5.02 billion up from Ksh.3.4 billion in the previous year.

At the same time, the NSE-listed company has reported a steady 14% growth in revenues from Ksh.47.48 billion in 2022 to Ksh.53.96 billion, largely driven by the company’s investments in geothermal energy.

“In a landscape filled with both opportunities and challenges, the KenGen team has demonstrated remarkable resilience. We are proud to announce a remarkable Ksh.5.02 billion representing a 48% growth in our profit after tax,” said the Managing Director and CEO, Eng. Peter Njenga, adding “This achievement reflects the hard work and dedication of our team and our commitment to providing clean, reliable energy to Kenyans,”

Speaking in Mombasa, Eng. Njenga attributed the impressive performance to the enhanced operational efficiency of the company’s geothermal fleet in Olkaria, Naivasha, further bolstered by a positive impact of the newly commissioned Olkaria I Additional Unit 6 geothermal power plant which added 86MW to the grid in July 2022.

“The commissioning of Olkaria I AU 6 geothermal power plant pushed up our geothermal generation by 24 percent. This contributed to an overall increase in electricity unit sales from 7,918GWh in 2022 to 8,027GWh,” said Eng. Njenga.

However, KenGen reported an increase in operating costs which the CEO attributed to rising insurance and impairment costs. This was however matched by growth in revenue resulting in a pre-tax profit of Ksh.8.5 billion, which was a substantial improvement from Ksh.6.2 billion reported in the previous year.

“We are confident that our Good-to-Great Transformation Strategy is on course and will continue to deliver growth over the next decade to ensure a reliable supply of clean and affordable energy to the people of Kenya,” said Eng. Njenga, adding that the company contributed over 66% of Kenya’s electricity consumption in the year.

The NSE-listed company CEO said KenGen had helped cushion Kenyans from the effects of climate change which has seen rainfall levels drop in the country over the past few years.

He said: “Notably, our investments in geothermal energy ensured uninterrupted electricity supply, even in the face of challenges posed by a prolonged drought and reduced hydropower generation.”

Looking ahead, KenGen will be banking on the growth in demand for electricity in Kenya which continues to soar at about 5% annually. In line with the demand and the Least Cost Power Development Plan (LCPDP), the company has announced ambitious plans to augment generation capacity by more than 154MW over the next two years through the rehabilitation and uprating of its existing power plants.

“One of the projects we are looking to deliver soon include the Gogo Hydropower Redevelopment Project in Migori County which was approved by cabinet recently and is set to elevate the dam's electricity capacity from its current 2MW to 8.6MW,” said Eng. Njenga.

KenGen boasts a diverse energy portfolio, including geothermal, hydro, wind, and thermal adding up to 1,904MW of which 86% is drawn from renewable sources.

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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 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 1,904MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (799MW), Wind (25.5MW). The balance is from Thermal.

For media queries please contact:  

Frank D. Ochieng, Tel:0721816896

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Nairobi, October 25, 2023: In a one-of-a-kind move to champion inclusivity and foster competitive government procurement, the Kenya Electricity Generating Company (KenGen) is taking the lead in launching a series of groundbreaking nationwide campaign to help boost access to government tenders.

The program is designed to empower Youth, Women, Persons with Disabilities, and local suppliers, aligning perfectly with the government's objective to grant these special groups a minimum of 30% of government procurement opportunities.

KenGen's Managing Director and CEO, Eng. Peter Njenga, emphasized the significance of this initiative, stating, "We believe that these sensitization workshops will significantly contribute to fostering an inclusive and competitive environment in government procurement, aligning with the Government of Kenya's vision for empowerment and equal access to opportunities."

What sets KenGen apart is its commitment to a countrywide mobilization campaign that will equip special groups with the knowledge and tools necessary to access and compete for government procurement opportunities.

The comprehensive workshop agenda covers essential topics, including modern procurement systems, the Access to Government Procurement Opportunities (AGPO) program, and compliance with procurement regulations. Moreover, the financial aspects of procurement, such as LPO financing and tax amendments, will be explored to facilitate the participation of marginalized groups and local suppliers in government procurement.

KenGen's proactive steps aim to drive innovation and economic growth while creating a level playing field for all in government procurement. These workshops mark a pioneering effort in Kenya, signifying KenGen's commitment to promoting an inclusive, open, competitive, and forward-looking environment in government procurement.

The campaign dubbed "Local-Local Suppliers" is set to change the landscape of procurement in Kenya, as these workshops will open doors to a more inclusive and competitive future.

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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 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 1,904MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (799MW), Wind (25.5MW), and about 253MW of Thermal.

For media queries please contact:  
Frank D. Ochieng, Tel:0721816896
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, October 9, 2023: Kenya Electricity Generating Company PLC (KenGen) has received a landmark approval from the Cabinet to embark on the Gogo Hydropower Redevelopment Project, heralding a new era of progress for Western Kenya and a significant stride toward clean energy.

This decision, made during a Cabinet meeting, chaired by His Excellency, President William Ruto at State Lodge, Kisumu, brings a ray of hope to the people of Western Kenya, who stand to reap significant benefits from this transformative and climate resilient project.

The Gogo Hydropower Redevelopment Project, situated along the picturesque banks of River Kuja in Migori County, is a visionary initiative poised to elevate the dam's electricity generation capacity from 2MW to a robust 8.6MW.

Beyond its economic impact, this transformative endeavour aligns with Kenya's commitment to clean energy and bolsters its efforts to achieve the 100% clean energy targets outlined in the global climate action agenda.

"The Cabinet's approval of the Gogo Hydropower Redevelopment Project is a momentous milestone for the people of Western Kenya and a testament to the government's commitment to regional development," said KenGen Managing Director and CEO, Eng. Peter Njenga.

He added, "This project not only signifies progress in the energy sector, but also holds the promise of economic growth, job creation and improved livelihoods for our communities while contributing to our clean energy goals."

The existing power plant, with its origins dating back to 1958, has admirably served its purpose, but now suffers frequent breakdowns and the challenges of sourcing spare parts due to its aging infrastructure.

With the Cabinet's green light, the Gogo Project is set to rejuvenate the reliability of power supply, while stimulating socio-economic activities across the entire Nyanza and Western Kenya Regions.

Western Kenya is no stranger to the vital role of Kenya’s power generation. The region already hosts several significant power plants, including, Sondu Miriu Hydropower Plant, generating an impressive 60MW, Sang’oro Hydropower Plant with a capacity of 20MW and the substantial Turkwel Hydropower Plant, boasting a remarkable 105MW capacity. These existing power facilities have been essential in meeting the region's energy needs and fostering economic growth.

The people of Western Kenya in particular, are poised to benefit significantly from these combined efforts. The increased power generation capacity of the Gogo Hydropower Redevelopment Project, coupled with the contributions from existing power plants, will provide a reliable and steady supply of electricity. This, in turn, will boost local industries, create job opportunities and enhance the overall quality of life.

At the same time, the Cabinet has also given its unanimous approval to the Liquefied Petroleum Gas (LPG) Growth Policy. This strategic move not only reaffirms Kenya's commitment to environmental sustainability, but also cements the nation's position as a leader in green energy.

The LPG Growth Policy outlines a path to progressively reduce the dependence of 70% of Kenyan households on biomass, kerosene and other less eco-friendly cooking fuels. These measures are poised to reduce consumer prices, enhance public safety and have a profoundly positive impact on both public health and the environment.

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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 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 1,904MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (799MW), Wind (25.5MW), and about 253MW of Thermal.

For media queries please contact:  

Frank D. Ochieng, Tel:0721816896

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, Wednesday, September 20, 2023: Kenya Electricity Generating Company PLC (KenGen) has launched a Ksh.22 million food drive to support school feeding programs in seven counties, reaffirming its commitment to education and community well-being.

In an effort to alleviate food shortages and support local communities, KenGen is doubling its earlier food distribution efforts, which initially amounted to ten million, benefiting marginalized groups, including people with disabilities, youth, children, and women who have been severely impacted by food scarcity.

This food distribution drive, which began in November 2022, focuses on schools near KenGen's electricity-generating power stations, aiding the government's school feeding program to mitigate the high cost of living and ensure students in KenGen-hosted communities can continue their education.
KenGen Managing Director and CEO, Eng Peter Njenga, said the food donations including maize, beans, and cooking oil, were carefully selected to support schools in marginalized communities facing economic hardships.

The campaign targets seven counties with active KenGen installations namely Machakos, Embu, Turkana, Nakuru, West Pokot, Kajiado, and Kitui, impacting approximately 136 schools, ensuring students have access to food as schools reopen amidst challenging economic times.
Speaking during the flag-off ceremony in Kajiado County, Eng. Njenga emphasized KenGen's dedication to uplifting local communities and fostering a strong partnership in electricity generation, recognizing education as a vital equalizer.

KenGen's commitment to community engagement is grounded in a comprehensive Corporate Social Responsibility (CSR) policy, focusing on education, environment, water, sanitation, and other community needs, ensuring harmonious coexistence with project-hosting communities.

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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 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 1,904MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (799MW), Thermal (253MW), and Wind (25.5MW).
For media queries please contact:  
Frank D. Ochieng, Tel:0721816896
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, Thursday, August 31, 2023: Kenya Electricity Generating Company (KenGen) and Konza Technopolis Development Authority (KoTDA) today broke ground for KenGen’s Green Energy Park in Olkaria, Naivasha in a move that is set to spur industrialization in the region.

This visionary project is set to redefine industrialization while providing a sustainable and clean source of geothermal energy.
The Green Energy Park project exemplifies KenGen's commitment to shaping a more sustainable future. The Energy Park aims to harness the abundant geothermal resources in

Olkaria, providing a stable and renewable energy source for industries within the park. Notably, the park presents an alluring opportunity for investors seeking collaboration with KenGen to establish industries within a green energy-focused environment.
In his remarks, KenGen’s Board Chairman, Julius Migos Ogamba, said: “The partnership with KoTDA and the initiation of the Green Energy Park highlights the power of collaboration and the potential for positive change. This venture represents the first step towards a new era of industrialization, one that places environmental sustainability at its core.”
For his part, KenGen’s Managing Director and CEO, Eng. Peter Njenga, expressed his enthusiasm, stating: “Today marks a turning point in our journey towards sustainable development. The Green Energy Park is a testament to our dedication to innovation, collaboration, and responsible growth. This is an open invitation for investors to join us in creating a greener, more prosperous future.”
KoTDA, the pioneering investor of the Green Energy Park, has set in motion plans to establish the Eco Cloud Data Center within the park, marking the commencement of this visionary journey.

Spanning an impressive 342 hectares, the Green Energy Park will accommodate a harmonious blend of industrial and non-industrial activities. The master-planned development encompasses offices, data centers, research and development centers, hospitality spaces, a visitor experience center, and administrative and commercial facilities. The park's four-phase development plan for the period 2025 to 2045, will create a dynamic environment that fosters economic growth and innovation.
With its geothermal power plants located in Olkaria, The Home of Geothermal in Africa, KenGen is well-positioned to be a leader in sustainable energy generation. Generating about 800MW of geothermal power from this field, Kenya boasts an impressive installed geothermal capacity of 950MW, ranking seventh in the world in geothermal power generation.
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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 Green Energy Park, an ambitious endeavour by KenGen, signifies a leap towards a sustainable industrial future. The company's vision is to empower businesses through affordable electricity tariffs, fostering industrialization.
Presently, KenGen PLC boasts an installed generation capacity of 1,904MW, with over 86% sourced from green outlets, including Hydro (826MW), Geothermal (799MW), Thermal (253MW), and Wind (25.5MW).

For media queries please contact:  
Frank D. Ochieng, Tel:0721816896

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, August 18, 2023: The Board of Kenya Electricity Generating Company PLC (KenGen) is pleased to announce the appointment of Eng. Peter Waweru Njenga as Managing Director and CEO. Eng. Njenga assumes the position previously held by Mr. Abraham Serem in an acting capacity.

Eng. Njenga takes over leadership of the NSE-listed company at a pivotal moment as it unveils an ambitious 10-year plan to significantly increase baseload electricity generation, aiming to reach a milestone of up to 3,000MW of installed electricity generation capacity.

Stepping into this pivotal role, Eng. Njenga brings with him a remarkable legacy of excellence in corporate leadership and management. Prior to his appointment, he distinguished himself as a reputable energy expert most notably as General Manager for Infrastructure Development at Kenya Power. Throughout his tenure, Eng. Njenga held various senior management positions and played a pivotal role in driving growth in the energy sector.

With an illustrious career spanning over 31 years, Eng. Njenga began as a graduate trainee at Kenya Power in 1991, and he steadily ascended the ranks to attain this prestigious appointment. Eng. Njenga's academic foundation includes a Bachelor of Science Degree in Electrical Engineering from the University of Nairobi, complemented by a Master’s Degree in Business Administration (Strategic Management) from the same institution.

The KenGen PLC Board of Directors extends sincere congratulations to Eng. Peter Njenga on his appointment. His strategic foresight, unwavering commitment, and dynamic vision make him a pivotal addition to the leadership team. The Board also takes this moment to acknowledge and express gratitude for the exceptional leadership demonstrated by Mr. Abraham Serem during his tenure in an acting capacity.

Eng. Njenga's appointment ushers in an existing era for KenGen PLC as it embarks on a transformative journey towards increased baseload electricity generation. The Board eagerly anticipates witnessing the realization of the company's ambitious 10-year plan under Eng. Njenga's able stewardship.

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