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Nairobi, Wednesday, 12th March 2025: Kenya Electricity Generating Company PLC (KenGen), East Africa’s leading electricity generator, has today announced a record dividend payout totalling Ksh.4.3 billion to its shareholders.

Included in this payout is a disbursement of Ksh.3 billion to the Government of Kenya, the company’s majority shareholder, a move that marks a 117% per-share increase over the previous year and follows a profit after tax of Ksh.6.8 billion for the year ended the 30th of June 2024.

This follows an earlier payout of 30% amounting to approximately Ksh.1.3 billion, which was paid out to the private and institutional shareholders on February 13, 2025.

This announcement was made during a joint press conference at Stima Plaza in Nairobi where KenGen Chairman, Hon. Alfred Agoi and Managing Director and CEO, Eng. Peter Njenga delivered a dummy cheque to the National Treasury and Economic Planning CS. Hon. John Mbadi. The leaders underscored the significance of the dividend as a testament to the NSE-listed power generator’s robust financial performance and its strategic alignment with national development goals.

“We are immensely proud of KenGen as a model of excellence for the National Treasury. Their stability, cost efficiency, and reliability in energy supply are key indicators of our nation’s economic performance, and KenGen stands at the heart of our energy value chain. We value your work for the economic survival of our country and will continue to support new projects with funding from development partners,” said CS. Mbadi.

For his part, State Department for Energy PS. Alex Wachira said: “KenGen is well run, consistently delivering profit year after year. Moving forward, our focus will be on supporting new projects in geothermal, hydro, solar, and wind through backing from the National Treasury to help access funds from development partners.”

KenGen Chairman Agoi reiterated that the achievement resulted from sustained efforts to boost electricity generation, enhance operational efficiencies, and execute prudent financial management. “Our dividend payout is not merely a financial milestone but a clear reflection of effective policy collaborations and our commitment to Kenya’s growth,” said Hon Agoi.

CEO, Eng. Njenga echoed these sentiments, adding, “Our performance demonstrates our ability to balance immediate shareholder returns with long-term investments in Kenya’s energy future. This dividend is a tangible affirmation of our strategic focus, which has optimised our operations and reinforced our leadership in the power generation sector.”

He highlighted that the company’s performance had benefited significantly from supportive public policies, robust partnerships, and a regulatory framework designed to foster sustainable development.

Both executives pointed to the critical role of strategic investments and policy synergy in driving KenGen’s success. They noted that the company’s ongoing investments in operational excellence and innovation are set to enhance energy security further and stimulate economic progress across the nation.

During the formal cheque handover ceremony, Hon. Mbadi commended the Ministry of Energy and Petroleum and KenGen for a rare occasion where the government receives money from local agencies.