NAIROBI, Thursday November 25, 2021: Kenya Electricity Generating Company (KenGen) PLC has commenced drilling of the first of three geothermal wells in Djibouti setting in motion a Ksh.0.7 billion contract signed in February this year.

The drilling of the first well is expected to take about two months to complete as KenGen seeks to export the expertise and experience earned in Olkaria, Naivasha where the company has successfully drilled about 320 geothermal wells.

While making the announcement, KenGen Managing Director and CEO, Rebecca Miano said, “This is a historic moment for us and we are confident that our team on site will deliver the project within the contracted time and on budget despite the prevailing circumstances brought about by COVID-19 and security situation in the neighbouring Ethiopia.”

The CEO said KenGen had assigned a highly specialised multiskilled team to the project in the Horn of Africa country comprised of mechanical Engineers, drilling Engineers, project managers, drillers, cementing technicians and specialized welders among other key professionals in the geothermal development value chain.

With the drilling rig set up, KenGen is set to commence drilling of three geothermal wells for Djibouti Office of Geothermal Energy Development (ODDEG) over the next few months.

ODDEG Project Manager, Abdirasak Omar Moumin exuded confidence that KenGen would deliver the project as planned, adding that the Djiboutian team was looking forward to acquiring new knowledge from the Kenyan NSE-listed firm.

“We are happy with KenGen and learning a lot from the team on the ground. They have a long history and expertise in geothermal which makes them the best partners in implementing our geothermal dream,” said Mr. Moumin.

The Djiboutian venture is part of KenGen’s ambitious diversification strategy, in which the company is seeking to acquire new revenue streams by offering commercial drilling services, geothermal consulting and other related services across Africa.

This is the third mega geothermal drilling contract that KenGen is implementing in Africa. In October 2019, the company secured a Ksh.5.8 billion contract to drill 12 geothermal wells in Ethiopia. The contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC includes installing a water supply system and equipment.

In February 2019, KenGen won a contract to drill geothermal wells for the Ethiopian Electric Company (EEP) in Aluto-Langano, Ethiopia. The contract is for the implementation of drilling rigs and accessories as well as rig operation and maintenance for drilling geothermal wells. It is financed by the World Bank through a loan to the Ethiopian Government.

Last week, KenGen announced that it had completed drilling the deepest geothermal well in the Aluto-Langano project reaching a depth of 3,000 meters, surpassing a target of 2,750 meters.

“We are happy to see our teams deliver the same level of success in the Horn of Africa as we do back home in Olkaria where we have also drilled several geothermal wells to depths of 3,000 meters,” said KenGen Ag. Geothermal Development Director, Peketsa Mangi.

Kenya is Africa’s number one geothermal energy producer and among top 10 in the world with an installed capacity of 863MW with KenGen contributing about 713MW. The country has an estimated potential of 10,000MW along the Rift Valley.

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Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

For media queries please contact:

Frank D. Ochieng, Tel:0721816896

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Nairobi, November 11, 2021: Kenya Electricity Generating Company PLC (KenGen) has completed drilling the deepest geothermal well in Ethiopia reaching a depth of 3,000 meters, surpassing a target of 2,750 meters.

This marks the second of eight geothermal wells KenGen has been contracted to drill for the state-owned electricity producer, Ethiopia Electric Power Company which was delivered successfully amid COVID-19 pandemic.

“We are happy to see our teams deliver the same level of success in the Horn of Africa as we do back home in Olkaria where we have also drilled several geothermal wells to depths of 3,000 meters,” said Ag. Geothermal Development Director, Peketsa Mangi.

The KenGen team is optimistic that the project which is part of the company’s diversification strategy once completed will help catalyze economic development in the horn of Africa through provision of renewable energy while at the same time increasing access to electricity.

According to KenGen’s Finance and ICT Director, Dr. John Mudany, the NSE-listed firm has seen a significant growth in its revenues attributed to income from the projects in Ethiopia.

“Our revenue increased by 4% from Ksh.44 billion to about Ksh.46 billion in 2021 partly attributed to revenues from our diversification venture at Tulu Moye in Ethiopia,” said Dr. Mudany adding, “the ongoing geothermal drilling services in Tulu Moye contributed about Ksh.1.7 billion compared to only Ksh.440 million in the last financial year.”

In February 2019, KenGen won a contract to offer geothermal drilling services for EEP in the Aluto-Langano geothermal fields in Ethiopia.

At the same time, also in the Horn of Africa, under a contract signed in October 2019, KenGen has completed drilling two geothermal wells for Tulu Moye Geothermal Operations PLC (TMGO) in Ethiopia and is currently drilling the third well.

These two projects are hinged on the Company’s diversification strategy which has led to the organization’s expansion in the Horn of Africa. Besides Ethiopia, KenGen has also secured a Ksh.709 million project to offer commercial drilling services in Djibouti.

In February this year, the company signed a contract with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG). KenGen is also prospecting for similar partnerships locally and other countries in the region.

Th Federal Democratic Republic of Ethiopia has declared a six-month state of emergency in the Horn of African country but the situation on the ground is calm and KenGen hopes normalcy will resume soon.

“We are assessing the full extent of this latest security situation and working with both the Kenyan and Ethiopian Foreign Affairs and Security authorities for purposes of monitoring the situation to ensure the continual safety of our people,” said Dr. Mudany.

KenGen is optimistic that the unfolding situation will be resolved speedily through peaceful means.

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

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, Monday, November 1, 2021: Kenya Electricity Generating Company PLC (KenGen) Managing Director and CEO, Mrs. Rebecca Miano, will join global leaders to discuss climate action at the the 2021 United Nations Climate Change Conference (COP26) in Glasgow, United Kingdom.

Acting on an invitation from the UK Prime Minister, Boris Johnson, the KenGen CEO is scheduled to participate in a panel discussion on the second day of the COP26 under the theme Accelerating Clean Technology Innovation and Deployment.

Mrs Miano, who is heading East Africa’s leading electric power producer and a Board Member of the Global Compact Network Kenya (GCNK), will participate in the high -level event as part of the World Leaders’ Summit, which will kick off the 26th UN Climate Change Conference of the Parties.

Other key dignitaries in attendance include Head of States and Government that include President Uhuru Kenyatta, United of States President Joe Bidden, United Kingdom Prime Minister Boris Johnson among other Presidents and world leaders, in addition to Microsoft Billionaire Philanthropist Bill Gates.

The COP26 event, which will run from 31st October to 12th November 2021, brings parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.

“As a company, we have made deliberate effort to focus on renewable energy in the fight against climate change. Therefore we have prioritized the Climate Action agenda to support the Kenya Government’s ambition to achieve 100% renewable energy utilization,” said Mrs. Miano.

She added that KenGen has further committed to the Caring for Climate Working Group of the United Nations Global Compact (UNGC) with a view of refocusing its business towards sustainability.

She said: “To actualize the Caring for Climate commitments, KenGen has demonstrated this commitment by joining the Business Ambition for 1.5°C Campaign of the United Nations Global Compact”

The company is expected to deliver 366MW of renewable energy comprising of Solar (42MW), Wind (11 MW) and Geothermal Power (313MW) for the period of 2021 to 2024.

During the event, Heads of State and other business leaders will showcase how the world will work together to accelerate solutions, keep 1.5 degrees in reach and ensure solutions are accessible and affordable for all.

Ends...//

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

For media queries please contact:

Frank D. Ochieng, Tel:0721816896

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Glasgow, Wednesday, 3rd November, 2021: 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 climate change and is supporting the Government of Kenya’s ambition to achieve 100 per cent utilization of renewable energy by 2030.

“Our future project pipeline, which is mostly green, includes geothermal, wind, solar and some hydro. The projects will be implemented in phases with the first expected to be commissioned by end of this year,” said Miano.

Key dignitaries who were in attendance during the panel discussion included, President Uhuru Kenyatta, United States of America President, Joe Biden, UK Prime Minister, Boris Johnson, India’s Prime Minister Narendra Modi, among other Presidents and world leaders including The Duke of Cambridge Prince William and Microsoft co-founder and billionaire Philanthropist, Bill Gates.

The KenGen CEO reaffirmed the company’s commitment to the Caring for Climate Working Group of the United Nations Global Compact (UNGC) in a bid to refocus the company’s business towards sustainability.

KenGen joined UNGC’s Business Ambition for 1.5°C Campaign, saying it is banking its future on green, affordable and accessible energy, including geothermal, hydro, wind, and solar.

The KenGen MD and CEO, who is a Board Member of the Global Compact Network Kenya (GCNK), said the company is enhancing its partnership with other key actors to make clean technologies the most affordable, attractive and accessible option for users.

“There is an urgent need to focus on renewable energy to meet our energy needs. AfDB estimates Africa’s electricity access rate at about 40% with over 645 million people with no access to electricity,” said Miano.

She said KenGen had also explored several opportunities with Non-State Actors including financial Markets and has over the years raised funds for green energy projects through various financial instruments such as infrastructure bond and Rights Issue.

“We also work with technology providers for innovative clean energy solutions including sizing of power plants, geothermal reservoir modelling and automation of operations and maintenance of our power plants through Internet of things,” said Miano.

She said KenGen had made inroads in working with other countries to help fast-track the adoption of green energy as a way of accelerating sustainable development while at the same time combating climate change.

“I am happy to confirm that we are already sharing our expertise and skills in accelerating clean energy innovation deployment, more so in geothermal development,” Miano said adding, “Indeed, in Africa we have a golden chance to go green early enough when the opportunity for growth is still rife. Through partnerships, which is SDG 17, we make the world habitat a better place for present and future generations.”

KenGen PLC is East Africa’s largest electricity producer and is among the top 10 geothermal energy producers in the world.

Ends...//

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources, namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

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, Saturday, 30th October 2021: Kenya Electricity Generating Company PLC (KenGen) has released its full year Financial Results for the financial year ended 30th June 2021 reporting a 7% Profit Before Tax increase from Ksh.13.79 billion to Ksh.14.76 billion.

Additionally, the NSE-listed firm has recommended a dividend pay-out Ksh.0.30 per share which amounts to Ksh.1.98 billion to be paid to all its shareholders.

Announcing the results, KenGen Managing Director and CEO, Rebecca Miano said the profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy.

Mrs. Miano said, “In spite of the challenging times, KenGen remained strong recording a steady performance and demonstrating sound financial position which reaffirms the company’s promise and commitment to continual business growth and maximization of shareholder value.”

“Revenue increased by 4.06% from Ksh.44.110 billion in 2020 to Ksh.45.901 billion. This was mainly attributed to revenues from geothermal, hydro generation and the diversification venture at Tulu Moye in Ethiopia. The ongoing geothermal drilling services in Tulu Moye contributed Ksh.1.784 billion compared to Ksh.440 million in the previous year,” said the KenGen MD and CEO.

Overall, there was a growth of 3% in unit sales from 8,237GWh in 2020 to 8,443GWh in 2021. The Company benefited from a full year operation of the 172MW Olkaria V geothermal power plant whose construction was completed in October 2019, resulting in a 12% displacement of thermal generation.

“In year 2021, we were blessed with favourable hydrology. In line with KenGen’s affordability agenda to lower the cost of electricity to the consumers, we prudently prioritised dispatch of competitively priced hydro generation,” Mrs. Miano added.

In the year ahead, KenGen aims to deliver Olkaria I Unit 6 geothermal power plant, which will add 83MW to the national grid by end of December 2021. At the same time, the company aims to progress the milestones towards the commencement of the 140MW Olkaria VI geothermal power plant through a Public Private Partnership.

Mrs. Miano thanked the Government of Kenya, the close to 200,000 shareholders, KenGen employees, development partners and other stakeholders whose contributions she said enabled the Company to achieve its mandate and record a steady business performance.

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

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, Thursday, 21st October 2021: Kenya Electricity Generating Company PLC (KenGen) has been recognized for leading the Eastern Africa region in clean energy production.

KenGen has been given the honorary recognition in the 2021 Climate Action Awards East Africa – a competition that shines a spotlight on people and organizations with groundbreaking innovations and ideas to mitigate the effects of climate change.

The regional awards, which are courtesy of the IGAD Climate Prediction and Applications Centre (ICPAC), seek to showcase successful solutions that can accelerate the transition to low carbon economies in Eastern Africa.

KenGen, which was feted alongside listed telecommunication service provider, Safaricom, was recognized for its pioneering work in reducing carbon emissions under the Clean Development Mechanism (CDM). CDM was developed as part of the output of a global concern to contribute to climate change mitigation and to foster sustainable development for non-industrialized countries.

Accepting the honorary award, KenGen Managing Director and Chief Executive Officer, Rebecca Miano (Mrs.), termed the award as a boost to KenGen’s climate action plan.

“KenGen is committed to making its contribution to the reduction of the effects of climate change by scaling up clean energy production. KenGen has been focusing on the production of green energy and currently more than 86% of the energy produced by the company is from clean sources namely wind, hydro and geothermal.” she said.

In late August, KenGen was cleared by the United Nations Framework Convention on Climate Change (UNFCCC) to sell an equivalent of 4.6 million tonnes of carbon emissions earned since March 2020.

The carbon credits were earned from six (6) projects that include include Olkaria II Geothermal Expansion Project, the redevelopment of Tana Hydro Power Station, the optimization of Kiambere Hydro Power Station, Olkaria IV Geothermal Project, Olkaria 1 Units 4&5 Geothermal Project and the Ngong’ Wind power project.

Earlier in 2019, KenGen joined the United Nations Global Compact, and earlier this year joined an elite list of global multinationals to commit to the United Nation’s business ambition for 1.50C campaign, becoming the first company in Kenya’s public sector to do so.

Ends...//

Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in 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 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).

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.