KenGen commissioned a US$1 billion 280MW geothermal project. A world first in its class! The first 140MW from Olkaria 1 plant was commissioned in October 2014 and the final 140MW in December 2014. The 280MW plants with a life of up to 25 years have helped stabilize tariffs since t capital at low interest rates, which means very favourable repayment terms and lower tariffs, but also investment in plants that will be with us for the next 25 years. Implementation of the project got underway in 2010.
KenGen deepened the Capital Markets through a successful government sale of 30% stake to the public. Over KShs.25 billion (USD295 million) was realised
KenGen became the first Kenyan parastatal to be ISO: 9001:2008 Standard certified in 2004. KenGen is also certified for ISO:14001 Environmental Management Standard in 2008.
The New Kenya Power Company (KPC) was re-launched in October as the Kenya Electricity Generating Company Limited, abbreviated as KenGen
The Kenya Power Company Limited (KPC) incorporated as a private company to construct the transmission line from Tororo to Nairobi. Also to develop geothermal and other generating facilities (Tana & Wanjii). KPC was converted to a public company and entered into a 50-year power supply agreement with Uganda Electricity Board (UEB)19541