Kenya Electricity Generating Company PLC (KenGen) is the leading electric power generating company in East Africa. KenGen was incorporated in 1954 under the Kenyan Companies Act as Kenya Power Company (KPC) with the mandate to generate electricity through the development, management and operation of power plants. The shareholders of the Company later contracted East Africa Power & Lighting Company (EAP&L) to manage KPC. In 1983, EAP&L changed to Kenya Power & Lighting Company.
Who We Are:
Kenya Electricity Generating Company PLC (KenGen) is the leading electric power generating company in East Africa. The company was incorporated in 1954 under the Kenyan Companies Act as Kenya Power Company (KPC) and mandated to generate electricity through the development, management, and operation of power plants. The shareholders of the Company later contracted East Africa Power and Lighting Company (EAP&L) to manage KPC. In 1983, EAP&L changed its name to Kenya Power and Lighting Company (KPLC).
Come January 1998, the Government of Kenya restructured the energy sector, separating generation, transmission, and distribution of electricity into distinct and autonomous functions. With this move, the management of KPC was separated from KPLC and renamed KenGen.
In 2006 the Government sold 30% of its stake in the company following a successful Initial Public Offer. Subsequently, KenGen was listed on the Nairobi Securities Exchange (NSE). Over the years, the company has continued to increase shareholder value through profitability and maintaining a sustainable growth path. In line with the organization’s strategic objectives, shareholders were given the opportunity to exercise their rights in a successful Rights Issue in 2016.
KenGen PLC was the first Kenyan Company to earn Carbon Asset funds under the Clean Development Mechanism (CDM).