Kenya Electricity Generating Company PLC, commonly known as KenGen, is Kenya's leading electric power generation company and plays a significant role in the East African energy landscape. KenGen primarily focuses on electricity generation, providing around 60-75% of the nation's power. The electricity produced is mainly sold in bulk to the Kenya Power and Lighting Company (KPLC) under established Power Purchase Agreements (PPAs).
KenGen employs a diverse array of energy sources for electricity generation, with a notable emphasis on renewable energy. Hydroelectric power is a major contributor, harnessed from various dams along rivers such as the Tana River, while geothermal energy production positions KenGen as a global leader in this field, especially in Africa, with significant operations in the Olkaria region. Although the company is striving to transition towards 100% clean energy, it still operates some thermal power plants using fossil fuels, primarily for grid stability and peak demand periods. Additionally, KenGen is developing its wind energy capacity, exemplified by the Ngong Wind Farm.
As a "Green Energy Champion," KenGen is committed to expanding its renewable energy footprint, with over 86% of its installed generation capacity coming from sustainable sources. The company has developed substantial geothermal expertise and is assisting several other African nations in harnessing this resource. KenGen’s contributions are pivotal to Kenya's national development agenda, supporting initiatives like Vision 2030 and the Big 4 Agenda through the delivery of reliable and competitively priced electricity.
Ownership-wise, KenGen operates as a Public Liability Company with the Government of Kenya holding approximately 70% of its stake. The company is publicly traded on the Nairobi Securities Exchange under the ticker symbol KEGN.
In terms of recent performance, as of mid-2025, KenGen has demonstrated strong financial results, largely driven by the growth of its geothermal and hydroelectric plants. While it has historically paid dividends, the company recently chose to reinvest its earnings to fuel long-term strategic growth, prompting the establishment of its "Good-2-Great (G2G) 2025-2029" strategy, which aims to expand its renewable energy portfolio and explore international opportunities.
Looking ahead, KenGen is set to enhance its installed capacity through new geothermal, hydro, and solar projects, with a significant focus on battery energy storage solutions for improved grid stability. Furthermore, the company is engaged in various sustainability initiatives, such as developing electric vehicle charging stations powered by geothermal energy and promoting inclusivity in sports. It also ensures community safety by issuing alerts related to dam overflow events.
Overall, KenGen is an essential entity in Kenya's energy sector. It is firmly committed to renewable energy and poised for future growth and expansion domestically and across the region.
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