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

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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.

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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, Friday, 15th October 2021: Kenya Electricity Generating Company PLC (KenGen) Managing Director and CEO, Rebecca Miano, has been named among top women CEOs leading business in Africa.

Mrs. Miano was named among a pool of top 50 women comprising of Chief Executives, Division Heads and Regional Managers who run over 1,400 companies sampled by Africa.com for the Definitive List of Women CEOs in Africa 2021.

In a comprehensive list featuring 22 CEOs from companies listed on all the African Stock Exchanges with a market cap of over $150 Million, Mrs. Miano featured in position 18, with a record of managing a company with a market capitalization of $275 Million.

Other key women business leaders from Kenya featured in the list include East African Breweries Limited (EABL) Group CEO, Mrs. Jane Karuku and Diamond Trust Bank (DTB) Group CEO, Nasim Devji.

Speaking after the announcement, Mrs. Miano said: “I am deeply touched, honoured and pleasantly surprised to receive this recognition featuring alongside some of the most inspiring and outstanding leaders across Africa by Africa.com. Their remarkable service and records will continue to inspire generations to come and make our world a better place.”

Mrs. Miano has had a 30-year multi-faceted career in the energy sector and is a recognized continental business leader focused on running KenGen, a global renewable energy market leader as a sustainable entity.

In 2010, she won the Company Secretary of the Year award in the Champions of Governance Awards series. The same year, she was awarded the Order of the Grand Warrior of Kenya (OGW) and, in 2019, the Moran of the Order of the Burning Spear (MBS) in recognition of her outstanding service to the nation.

In November 2019, she was appointed to the Board of Global Compact Network, Kenya and was named among the Top 100 Women CEOs in Africa by Reset Global People.

According to Africa.com, the research on The Definitive List is distinguished in that it is grounded in objective criteria, starting with a review of publicly available data provided by Bloomberg. The Africa.com research team undertakes a deep-level assessment for a more thorough analysis to determine the unambiguous, definitive list.

The Definitive List of CEOs celebrates the accomplishments of women at the top of large and complex listed companies in Africa.

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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

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, 7th October 2021: Kenya Generating Electricity Company (KenGen) PLC has received its fifth ISO re-certification after successfully going through rigorous audits conducted by Bureau Veritas to confirm the company’s conformity to the international standards.

KenGen Quality Management Systems (QMS) and Environmental Management Systems (EMS) were audited in June 2021 and found to be compliant with ISO 9001:2015 and 14001:2015 standards respectively, leading to the re-certification which was formally presented to the company this morning.

Speaking after receiving the certificate from the certifying body, Bureau Veritas, the Managing Director and CEO, Mrs. Rebecca Miano, said KenGen was excited to receive the re-certification and reiterated the company’s commitment to maintaining the standards through continual improvement.

Mrs. Miano attributed growth of KenGen to good policies, strategies, and procedures adding that the company had an installed capacity of 1,818MW out of which 86% was being generated from green and renewable sources.

She said KenGen was the first public institution to receive the ISO certification in Kenya back in 2004 adding that the company has maintained the focus and commitment to the high standards leading to the fifth re-certification.

Mrs. Miano said KenGen will continue to implement the ISO 9001:2015 and 14001:2015 standards across all business processes. She said the implementation of ISO had helped improve the company’s efficiency and overall performance.

“This re-certification is a testament of our resilience and commitment to continually improve our processes to enhance better performance towards realization of our corporate strategy and goals,” said Mrs. Miano.

Speaking during the same event, Bureau Veritas District Executive Officer for East and Central Africa, Mr. Cyprian Kabbis, said the audit process for recertification of KenGen was conducted smoothly and commended the KenGen team for their dedication and cooperation all through the process of audits and implementation of the procedures.

The re-certification is expected to run for the next three years and is the fifth re-certification since the company was first ISO certified in 2004.

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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, Tuesday, 28th September 2021: Kenya Electricity Generating Company PLC (KenGen) hasnearly tripled its allocation of procurement opportunities to Youth, Women and Persons with Disabilities (PWDs).

This revelation was made during a sensitization meeting with women-owned suppliers today, where KenGen Managing Director and CEO, Rebecca Miano said KenGen had set aside specific procurement opportunities to be awarded to the special category groups categories under the Access to Government Procurement Opportunities (AGPO) programme.

“I am happy to note that exclusive allocations for the special groups of youth, women, and persons with disabilities have steadily grown over the past seven years,” said Mrs. Miano.

The KenGen CEO added that KenGen had about 900 firms registered in KenGen’s Supplier Relationship Management System (SRM) under the special/disadvantaged groups categories and was confident that the number was bound to grow towards achieving the 30% target of the company’s total procurement under the AGPO programme.

During the sensitisation meeting targeting 758 registered women-owned enterprises, Mrs. Miano explained the company’s procurement and budgeting cycle highlighting the various opportunities earmarked for women-owned enterprises and other special groups.

The event offered an opportunity for women-owned enterprises to share their experiences and an opportunity to ask questions.

In her remarks, Mrs. Miano encouraged women-owned suppliers not to shy off from participating in high value tenders for technical engineering goods and services including those falling under the national and international category.

“While it is clear that government has set aside 30% of procurement opportunities to the special groups, nothing stops women suppliers from bidding and tendering for the big contracts as well,” said Mrs. Miano.

Mrs. Miano said KenGen has made arrangements with some local banks and financial institutions to support special groups. In addition, the Company has partnered with other organisations including International Finance Corporation to conduct capacity building for women-owned enterprises and also help them to access financing.

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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

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.

KenGen, Thursday, September 23, 2021: Kenya Electricity Generating Company PLC (KenGen) has kicked-off the construction of a Research and Development (R&D) Centre at Tana Power Station located in Muranga County, in a move to boost innovation in the company.

The construction of R&D Centre which will also double up as an archive for the Company is expected to take 18 months to complete, making KenGen one of the first public sector entities in Kenya to establish such a facility.

Speaking during the foundation stone laying ceremony, KenGen Managing Director and CEO, Mrs. Rebecca Miano, said the project which was five weeks ahead of its implementation plan is part of KenGen’s overall Diversification Strategy and will go a long way in helping the NSE-listed firm to identify and implement new revenue streams much faster.

"With this facility, KenGen employees now have a place to carry out trials, tests, experiments and pilot new business in the context of our diversification strategy," said Mrs. Miano, adding that the facility will conceive ideas that will change the company's business and the energy sector for good.

At the same time, Mrs. Miano said the company had put in place measures to ensure that the employees and contractors working on the project were safe and observing the laid-down protocols for COVID-19.

The KenGen CEO thanked the local community for continuous support over the years noting that the project had so far benefited the local community through provision of employment for skilled, and semi-skilled workforce. The Contractor assigned to the project has so far engaged a total of 92 short term contract staff, comprising 81 male and 11 female from the local community.

As a one-of-a-kind innovation hub, the facility will provide locally sourced technological solutions for electricity generation, further augmenting KenGen's endeavors to increase generation capacity and diversify its project portfolio.

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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

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.