Nairobi, Friday, February 16, 2024: Kenya Electricity Generating Company PLC (KenGen) has announced the successful payout of dividends to its private shareholders. This follows the approval by shareholders at the 71st Annual General Meeting (AGM) held on November 30, 2023.

A total of 190,784 shareholders, constituting 30% of KenGen's shareholder base, have received a substantial net dividend amounting to Ksh.545,219,739.63. This milestone payout is part of the approved Ksh.1.978 million dividend allocation for the fiscal year ending June 30, 2023, marking one of the highest dividends distributed by KenGen since its 2016 Rights Issue.

The NSE-listed company's decision to distribute a first and final dividend payment of Ksh.0.3 per share, totalling Ksh.1.9 billion, reflects the company's commitment to rewarding its shareholders in alignment with its robust financial performance.

The dividend disbursement follows the company's impressive profits after tax, amounting to Ksh.5.2 billion in the last financial year, highlighting KenGen's financial health and stability over the years.

During the AGM, KenGen Board Chairman, Julius Ogamba, attributed the company's success to strong business fundamentals, an innovation-driven culture, and a resilient expansion strategy. Mr. Ogamba emphasized that the company's revenue witnessed a commendable 14% increase, reaching Ksh.53.96 billion, underscoring KenGen's financial robustness.

For his part, KenGen Managing Director and CEO, Eng Peter Njenga, reiterated the company's 2024 priorities, emphasizing a focus on new technologies to enhance electricity generation using existing power plants. Eng. Njenga affirmed KenGen's commitment to meeting the rising demand for clean energy in Kenya through initiatives like power plant rehabilitation and up-rating of existing assets.

“We understand the central catalytic role energy plays in our country’s economic development and to this end, we remain focused on our 2024 and long-term strategic priorities to not only meet the growing energy demand but also offer green energy solutions to Africa,” said Eng. Njenga.

KenGen's strategic move towards diversification in geothermal consultancy and its green energy park in Olkaria further solidifies its position for financial sustainability in the current and future years.

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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   Email: 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, February 5, 2024: Kenya Electricity Generating Company PLC (KenGen), has increased hydropower generation after the country’s main dams in the Seven Forks Cascade hit one of the highest water levels in the recent past.

The impressive performance on the hydropower side of the business has largely been driven by Masinga Dam, which is Kenya's largest, maintaining near maximum water levels of 1,056 meters above sea level (mASL), over the last three days.

“We are happy to report that we are receiving very good inflows from the Mount Kenya and Aberdares catchment areas which has led to high water levels at our dams,” said KenGen Managing Director and CEO, Eng. Peter Njenga. He added, “This will see Kenyans reap the full benefit of cheaper electricity.”

The NSE-listed company said its operational boost at Seven Forks has been remarkable over the last 24 hours, with the power stations recording a peak output of more than 471MW which will go a long way in stabilizing grid-scale electricity costs.  

Amid the rising water levels, KenGen moved to reassure Kenyans especially those living downstream of the five dams saying they do not expect to have water spilling downriver any time soon.

“Despite getting close to the maximum water levels at the Masinga Dam which is our biggest, we have not reached spilling level thanks to a robust water management program being implemented by our engineers. We however remain vigilant and will issue an alert should we envision a potential water overflow from the large dams,” said Eng. Njenga.

KenGen said it had noted reduced inflows over the last one week giving further assurance that Masinga Dam will not reach spilling level any time soon.

KenGen remains committed to generating competitively priced and reliable electricity to drive Kenya’s next phase of economic growth.

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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   Email: 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, January 30, 2024: Kenya Electricity Generating Company PLC (KenGen), is to offer testing services to the public and industries after receiving accreditation of its Calibration Centre laboratory by Kenya Accreditation Service (KENAS). The accreditation of the calibration centre will not only contribute to KenGen’s financial sustainability but also position the company as a leader in calibration services regionally and globally.

This is part of the company’s business diversification strategy towards boosting its revenues by leveraging on its expertise and experience. The calibration centre is based at KenGen’s Upper Tana power station consisting of three laboratories that offer calibration services for Electrical, Pressure and Temperature calibration to KenGen and the public.

Speaking during the accreditation certificate presentation by KENAS the NSE listed company Managing and CEO Eng. Peter Njenga welcomed the accreditation as an endorsement and guarantee of the quality services the calibration services the centre will offer KenGen and Kenya industries.

“This marks a significant milestone in the history of our esteemed company by getting ISO 17025 accreditation status which demonstrates our commitment to excellence and quality standards. Capitalizing on our ISO 17025 accreditation, we will expand our calibration services beyond our internal needs and have the capability to serve external clients, businesses, and industries that require precise and accredited calibration services, said KenGen MD and CEO.

“The accreditation will increase customer confidence in KenGen Calibration Centre and mark the beginning of the commercialization of our calibration services. This is because the Calibration Center has not only met but surpassed all prerequisites, securing accreditation and earning its rightful listing on the KENAS website,” reiterated Eng Njenga.

Speaking during the event KENAS Chief Executive Officer Martin Chesire explained what the accreditation means to KenGen and the Country.

“When you see ISO17025 accreditation, you can trust that the laboratory’s results are accurate, reliable, and traceable to international measurement standards. It is a symbol of dedication to delivering the highest quality testing and calibration services,” said KENAS CEO

The attainment of ISO 17025 accreditation is not the end but a new beginning for KenGen because it is an opportunity for growth, innovation, and excellence.

This Accreditation is third party attestation that the laboratory conforms to all requirements of the standard. It provides a framework for the Calibration Centre to improve its processes and outcomes, which stimulates continuous quality improvement in service delivery for every customer. It also provides an independent confirmation that the Calibration Centre is able to consistently provide high-quality services and products to customers,” said Mr, Chesire.

The Calibration centre was officially commissioned on 22nd November 2019 to offer calibration services to KenGen but, in line with the company’s diversification strategy the services have been opened to the public at a fee.

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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:  

Emmanuel WanderaTel:0721747890 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, Friday, November 24, 2023: Kenya Electricity Generating Company PLC (KenGen), has been earmarked as the Implementing Agency for the Battery Energy Storage System (BESS) as part of the Kenya Green and Resilient Expansion of Energy (GREEN) program, funded by the World Bank.

To facilitate this, a pilot installation of the BESS capacity is being considered for several key regions, including Central Rift, Coastal Region, Mount Kenya, Nairobi, North Rift, and Western Kenya. The specific project site selection will depend on the outcomes of a forthcoming Feasibility Study (FS), conducted by KenGen, in collaboration with designated FS Consultants, who will recommend the most suitable locations for BESS installations

Preliminary findings from the analysis have underscored the critical need for Battery Energy Storage Systems (BESS) within the national electricity infrastructure. The BESS will serve as a crucial repository for surplus energy generated from geothermal and Variable Renewable Energy (VRE) sources, enabling improved electricity service delivery to Kenyans.

"KenGen is honoured to lead the implementation of the Battery Energy Storage System (BESS) project under the GREEN program. This initiative marks a significant milestone for Kenya's energy sector,” said KenGen Managing Director and CEO, Eng. Peter Njenga.

The NSE-listed company’s CEO further said, “By efficiently storing surplus energy and enhancing electricity stability and reliability, the BESS project will not only alleviate energy curtailment but also usher in a new era of sustainability and energy security."

The BESS project is developed in adherence to the World Bank's Environment and Social Framework (ESF) and its ten Environmental and Social Standards (ESSs). Specifically, ESS 10 on Stakeholder Engagement and Information Disclosure dictates that implementing agencies must provide stakeholders with timely, relevant, understandable, and accessible information. It also mandates culturally appropriate consultations, ensuring freedom from manipulation, interference, coercion, discrimination, or intimidation.

The Stakeholder Engagement Plan (SEP) has been formulated to achieve the overarching objective of effective stakeholder engagement, public information disclosure and consultation throughout the project's lifecycle. The SEP outlines the strategies through which the project team will engage with stakeholders and includes mechanisms for stakeholders to voice concerns, provide feedback, or file complaints related to project activities, or any matters associated with the project.

“KenGen, in collaboration with the Government of Kenya and the World Bank, is committed to the successful execution of the BESS project. This endeavor represents a pivotal step towards achieving a more resilient and sustainable energy future for Kenya,” said Eng. Njenga.

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Note to Editor:
About K enGen

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 E-mail: 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, November 15, 2023: Kenya Electricity Generating Company PLC (KenGen), has stepped up hydropower generation after the large dams in the Eastern Region recorded improved inflows over the past week on the onset of ongoing rains.

The NSE-listed company said its operational boost at Seven Forks has been remarkable, with the power stations recording a peak demand of more than 476MW in the last 24 hours alone.

At the same time, KenGen said it had seen improved water levels at Masinga Dam, which is Kenya's largest, reaching water levels of 1,042.60 meters above sea level (mASL), surpassing the minimum operational level of 1,037mASL. This positive trend follows a substantial 18.50 millimeters of rainfall received in the area, enhancing the inflow from the Tana River into the dam.

The company has consequently increased its generation from the lower dams notably Kamburu which also receives water from and River Thiba and Kiambere power station thereby improving the overall performance of the hydro power stations.

“Despite the encouraging rainfall, the Masinga dam levels are still short of reaching their maximum water level of 1,056.50mASL,” said KenGen Managing Director and CEO, Eng. Peter Njenga adding, “We do not expect Masinga to spill anytime soon as the water levels are ascending very slowly. We remain vigilant and will issue an alert should the dam levels approach spilling thresholds.”

Eng. Njenga said KenGen remains vigilant and would issue an alert should the dam levels approach spilling thresholds. The current weather reports indicate that heavy rains are continuing across most parts of Kenya, with flooding incidents in regions such as the lower Tana River, Garissa, Mandera, Turkana, Meru, and parts of the Coastal area.

In light of these developments, KenGen urges residents in the lower areas of River Tana to exercise caution. The KenGen CEO advised those in proximity to major rivers and dams to remain alert and relocate to higher grounds if necessary to prevent any potential loss of lives and property.

KenGen is committed to ensuring the reliable supply of electricity and the safety of the communities within the vicinity of its operations. The company will keep the public updated on any further developments.

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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

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, Tuesday, November 7, 2023: Kenya Electricity Generating Company PLC (KenGen) has announced a revamped plan to step up electricity generation from geothermal power plants in a strategic move to cushion Kenyans from the effects of low water inflows at the large hydropower stations.

As of yesterday midnight, Masinga Dam, which is Kenya’s largest hydropower dam, recorded water levels of 1,039.42 meters above sea level (mASL) against a total capacity of 1,056mASL. This was slightly above the minimum operating level of 1,037mASL, having received only 7.5 millimetres of rainfall in the last 24 hours.

“Despite the ongoing rains in most parts of the country, we are receiving very low inflows at our dams at the Seven Forks, located along the Tana River,” said KenGen Managing Director and CEO, Eng. Peter Njenga. “This poor hydrology means that we now have to turn to another source to meet the growing demand for electricity in the country,” he added.

According to a daily electricity dispatch report by KenGen, the large hydroelectric power stations, which ordinarily would produce a combined maximum capacity of 626MW, were only able to achieve 471MW at their peak over the past 24 hours.

“One of the large power stations, Masinga, has been shut down most days of November as part of our ongoing water management program to ensure we are able to meet the energy demands for the longest duration possible,” said Eng. Njenga.

Even as the situation at the dams continues to remain largely subdued due to low inflows, several parts of the country continue to experience heavy rains, with cases of flooding reported in several places, including areas along the lower Tana River, Garissa, Mandera, Turkana, Meru and several parts in the Coastal region.

“We are continuing with our tree-growing campaign in support of the Government's 15 billion trees challenge, taking advantage of the onset of rains to ensure the viability of the seedlings,” said Eng. Njenga.

The NSE-listed company said that it planned to plant at least 500,000 tree seedlings every year and had already planted 104,292 trees in the current financial year (from July 2023), bringing the total to 2,557,516 trees grown over the last nine years.

“We urge Kenyans to take advantage of the rains and plant trees in their homes and even in the workplaces and business areas as this is one way of not only greening the planet but also helping put protection against strong winds and heavy rains, which may sometimes cause flooding,” said Eng. Njenga.

KenGen made the shift to its current geothermal-led strategy following repeated failure of hydro generation over the years. This poor hydrology is attributed to climate change, characterized by unpredictable rainfall patterns, making it difficult to plan and implement a sustainable water management program in the large dams.

The NSE-listed company CEO said KenGen's strategic move to geothermal had helped cushion Kenyans from the effects of climate change which has seen rainfall levels drop significantly 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.”

Eng. Njenga went on to say that KenGen was angling to acquire more geothermal drilling licenses in the Great Rift Valley as part of the company’s plans to increase geothermal generation capacity which he said was clean and more reliable as geothermal is not dependent on weather.

Kenya has a potential 10GW of geothermal energy of which only 950MW has been exploited, with about 799MW having been developed by KenGen in the Olkaria and Eburru Hill Geothermal Fields in Nakuru county.

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

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.