KenGen
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NEWS
KenGen adds additional 3000MW to fast track deployment of renewable energy
KenGen has announced a renewed plan to scale up the deployment of renewable energy in the country by adding an additional 3000MW. This new campaign will be driven largely by deploying up to 2000MW drawn from geothermal and hydro sources as baseload power to stabilize the country’s energy sources thereby diversifying away from expensive thermal sources. At the same time,…
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NEWS
KenGen Completes 25 Acres Ngong Forest Restoration Project
Kenya Electricity Generating Company PLC (KenGen), has completed Phase One of the 25 acres Ngong Forest Restoration Project. Commenced in October 2018, the project involved planting 7,000 indigenous trees around a degraded site in Ngong hills forest power station, where KenGen generates 25.5MW of electricity from wind energy. The initiative is in line with the company’s Environmental Conservation Program and…
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NEWS
KenGen Outlines Three-year Plan to Accelerate Deployment of Renewable Energy
Kenya Electricity Generating Company (KenGen) Managing Director and CEO, Rebecca Miano, says the company is accelerating deployment of renewable energy to combat the adverse effects of climate change. Speaking during a panel discussion under the theme, Accelerating Clean Technology Innovation and Deployment at the COP26 World Leaders Summit in Glasgow, Scotland, Miano said KenGen is committed to the fight against…
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NEWS
KenGen Set to Benefit from Climate Action Carbon Credits
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change. This follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the organization’s Olkaria II CDM Project by the United Nations Framework Convention on Climate Change (UNFCCC), bringing the total amount of…
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NEWS
KenGen Earns Ksh 2.6 Billion from Commercial Innovation Initiatives
Kenya Electricity Generating Company PLC (KenGen) has so far earned Ksh.2.6 Billion in revenues from commercial innovation initiatives over the last nine years. This emerged as the company held its 9th Global Innovation Seminar virtually for two days ending today. It also emerged that the company made a savings to the tune of Ksh.1.3 Billion drawn from process improvement and implementation…
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NEWS
KenGen to Payout KSh.1.98 Billion to Shareholders for Year Ended June 2020
Kenya Electricity Generating Company PLC (KenGen) will pay its shareholders Kshs.1.98 Billion in dividends. This follows today’s approval by shareholders of the Board’s recommendation for a first and final dividend payment of Kshs 0.30 per ordinary share of Kshs 2.50. The dividend payout for the year ended June 2020 is an increase from the Kshs 1.65 billion paid to the…
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Uncategorized
KenGen announces half and full year results
Kenya Electricity Generating Company PLC (KenGen) has today released the unaudited results for the half-year ended 31st December 2019 and full year ended 30th June 2019, indicating a 4.3 per cent growth in profit before tax for the half year period ending December 31st, 2019. The company’s profit after tax for the period under review increased by 98 per cent, from Ksh…
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