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Nairobi, Monday, 25th May 2022: The national demand for electricity has hit a new peak demand of 2,051MW up from 2,036MW recorded in November 2021, pointing to an accelerated growth and recovery in demand which slowed down in the wake of COVID-19 pandemic.

The new peak demand was recorded on 12th May 2022 in the Daily System Operation and Dispatch Analysis Report by Energy and Petroleum Regulatory Authority (EPRA). This growth was driven mainly by renewable energy sources with geothermal energy making the greatest contribution, giving further boost to Kenya’s climate action agenda.

According to the Daily Power Generation and Dispatch Analysis Report released on 19th May 2022 by Energy and Petroleum Regulatory Authority (EPRA), the country’s highest energy gross demand was recorded on 18th May 2022, registered a 2.5% growth to record a new peak of 37,273.17MWh up from 36,380.63MWh in November last year.

NSE-listed electricity generator, KenGen PLC’s geothermal power stations in Olkaria, Naivasha provided the largest share of 14,763.37MWh during the recent analysis. KenGen currently boasts of 713MW of geothermal energy generation capacity and is readying to commission another 83MW in its newest power plant, the Olkaria I additional unit 6.

At the same time, the EPRA May 19th, 2022, report also revealed that the total amount of electricity generated by KenGen through its major hydro power stations exceeded the National Control Centre (NCC)’s dispatch projections by 1,988.42MWh, denoting a 25% increase. KenGen’s total installed hydro capacity currently stands at 826MW.

In the same report, Gitaru, Kindaruma, Kamburu, and Kiambere Power Stations were among the hydro power stations that exceeded the projected power generation output. The stations are part of the Seven Forks cascade which forms a crucial component of KenGen’s power generation infrastructure.

Commenting on the report, KenGen Managing Director and CEO, Rebecca Miano said the report is a reflection of KenGen’s ongoing strategic efforts to meet the country’s growing demand for electricity through harnessing Kenya’s rich renewable energy sources.

“KenGen is committed to ensuring steady and reliable supply of competitively priced electricity to support Kenya’s economy. The company is doing this by accelerating deployment of renewable energy sources such as geothermal, hydro, wind, and solar.” said the KenGen MD.

In June last year, KenGen joined United Nations Global Compact (UNGC) 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.

“Our future project pipeline is green, including geothermal, wind, solar and hydro. The projects will be implemented in phases with the first expected to be commissioned by June 30th 2022,” said Miano.

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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Mr. Julius Ogamba,EBS - Chairman of the Board (Independent and Non-Executive Director)

Mr Julius Ogamba is a seasoned, visionary and accomplished advocate with about 30 years of experience in legal practice. He is a driven, detail-oriented Senior Advocate, with a proven track record of leading teams, forging long-lasting client relationships and influencing organisational productivity by ensuring compliance with legal and regulatory requirements.
 
Leveraging analytical, problem-solving and negotiation skills, he has built a reputation for providing quality, accurate and relevant legal advice, having developed a large portfolio of corporate clients across banking and financial industries, manufacturing, oil, gas, natural energy and real estate sectors as well as Government Agencies. Mr Ogamba is a transformative leader with the capacity to build cultures of excellence and foster efficiency by supporting cross-functional team initiatives and motivating them to promote high-performance levels.

He holds a Bachelor of Laws (LLB) from the University of Nairobi, a Diploma in Law from the Institute of Advanced Legal Studies, University of London and a Post Graduate Diploma in Law from Kenya School of Law. He is a Commissioner for Oaths and Notary Public, a member of the Law Society of Kenya and a Certified Public Secretary.

 

Eng. Peter Njenga - Managing Director & CEO

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Eng. Peter Njenga is the Managing Director and CEO of Kenya Electricity Generating Company PLC (KenGen), East Africa's foremost electricity generation company, distinguished by its impressive 86% reliance on renewable and clean energy sources.

With a tenure that formally commenced on August 21, 2023, Eng. Njenga boasts an illustrious 32-year career in the energy sector, marked by exceptional leadership. He holds a Bachelor's Degree in Electrical Engineering, complemented by an MBA in Strategic Management from the prestigious University of Nairobi.

His status as a registered professional engineer adds to his credentials, standing as a paragon of expertise, augmented by a collection of certificates in senior leadership management, notably from Strathmore University and Harvard Business School, among other esteemed institutions.

Throughout his journey, Eng. Njenga has consistently showcased unwavering dedication to professionalism, excellence in service delivery, strategic acumen, and ethical stewardship, leaving an indelible imprint on industry growth and innovation. His remarkable ascent from Trainee Electrical Engineer to the esteemed position of General Manager of Infrastructure Development at Kenya Power & Lighting Company PLC (KPLC), to CEO of KenGen is a testament to his character, resilience, and visionary prowess.

Notably, his influential role as Chair in pivotal committees within the energy sector in Kenya underscores his resolute commitment to catalyzing transformative change, extending to the spheres of sustainability and climate action. Eng. Njenga seamlessly integrates his technical proficiencies with a results-oriented mindset, further reinforcing KenGen's ongoing triumph in delivering sustainable and dependable energy solutions, while also championing initiatives like tree planting to combat climate change.

Beyond his professional pursuits, Eng. Njenga is a passionate advocate for youth development and family values, reflecting his devotion to both his Christian faith and family life. In his leisure time, he finds enjoyment in cycling and swimming, showcasing a well-rounded persona both in and out of the boardroom.

Prof. Njuguna Ndung’u - Cabinet Secretary The National Treasury - (Non-Executive Director)
Prof. Njuguna Ndungu

Prof. Njuguna Ndung’u born in 1960, is the Cabinet Secretary, National Treasury & Economic Planning. He was appointed to the Cabinet in September 27, 2022. Prior to his appointment, Prof. Nd ung’u was serving as the Executive Director of the African Economic Research Consortium (AERC). Prof. Ndung’u is an associate professor of economics at the University of Nairobi, and the immediate former Governor, Central Bank of Kenya.

He has been a member of the Global Advisory Council of the World Economic Forum, Visiting Fellow of Practice at Blavatnik School of Government, Oxford University, Director of Training at AERC, Programme specialist at IDRC and Team Leader in Macro-modelling at the Kenya Institute for Public Policy Research and Analysis

He holds a PhD in economics from University of Gothenburg, Sweden. He is a Member of Brookings Africa Growth Initiative, Member of the Advisory Committee of the Alliance for Financial Inclusion and a senior advisor for the UNCDF-based Better Than Cash Alliance.

 

Mr. Alex Wachira - Principal Secretary, State Department for Energy - (Non - Executive Director)
Alex Wachira

Mr. Alex Wachira born in 1982, was appointed the Principal Secretary, State Department for Energy in 2nd December 2022. He holds a Bachelor of Science degree in Nursing from the University of Nairobi and is currently pursuing a Master of Arts degree in Leadership at Pan African Christian University.

He has a wealth of experience from the private sector where he worked as an investment banker. He previously worked with Faida Investment Bank where he traded and structured treasury bonds and corporate bonds at the Nairobi Securities Exchange. He has also worked with Dyer & Blair Investment Bank and Genghis Capital limited.

Mr. Wachira was a founding member of the Bonds Market Association as well as a member of the Steering Committee of the Kenya Association of Stock Brokers and Investment Bankers. He has spearheaded community initiatives such as youth mentorship programme and sports tournaments among other similar projects.

Ms. Josephine Koisaba - (Independent & non-Executive Director)

Ms Josphine Koisaba is a leadership and management expert with over 20 years of experience in Government policies, Gender, Human rights and Community Development.

She has worked in several Non-Governmental organizations and taken lead in Social Work, developing and managing Performance Contracts, Resource Mobilization, Food & Nutrition and Child Development Rights, among others.

Ms Koisaba holds a degree in Leadership and Management from St. Paul’s University, a Diploma of Education from Universiteit van Amsterdam (Quality Improvement in Education) and a Diploma in Community Development from Kenya Institute of Social Work and Community Development.

Dr. Rosemarie Wanyoike -(Independent & non-Executive Director)

Dr Rosemarie Wairimu Wanyoike is a Human Capital Specialist with vast knowledge and experience in Human Resource and Business Management.

Top of her achievements includes the initial setup, recruitment and nurturing of Human Resource Management in the School of Business at Kenyatta University. She successfully formulated and implemented HR policies, procedures and practices for the Department, and has published journals on Organizational Transformation, Performance, Work Force Diversity and Employee Performance.

She is currently the Chairperson and Lecturer of Human Resource Management Department at Kenyatta University and a Committee member of Manpower Development. Dr Wanyoike is also serving as the President-elect for Ruiru Rotary Club.

She is a member of the Institute of Human Resource Management and Institute of University Training Committee, Academic Advisor, Student Mentor and BOM Member, at Naivasha Girls Secondary School.

Dr Wanyoike holds a PhD in Human Resource Management from Kenyatta University (KU), a Master of Science in Human Resource Management from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and a Bachelor of Science in International Business Administration with a concentration in Management from USIU.


Mr. William Rahedi - (Independent & non-Executive Director)

Mr William Rahedi is a seasoned Independent Business and Finance Consultant with over 40 years of multi-disciplinary strengths and experience in Business Investment Advisory, Banking, Finance, Treasury Management, Loan Negotiations and Agreements, Financial and Business Restructuring.

He is currently the Chairman of Spire Bank Kenya Limited and Director of Nairobi Hospice.

Mr Rahedi holds a Bachelor of Science in Business Administration (Accounting) from the United States International University (USIU) and a Master of Business Administration (Finance) from the University of Nairobi.

He is a Certified Public Accountant and a Member of Institute of Certified Public Accountants of Kenya (ICPAK).

Hon. Stephen Mutai -(Independent & non-Executive Director)


Mr Stephen Mutai is a transformational leader with unmatched experience in Health Care Management, Policy Formation, Implementation and Reporting, Community Mobilization and Budgeting.

He has previously served as a Director and Board member at Agricultural Finance Corporation (AFC) where he spearheaded the development of new financial systems. Mr Mutai also headed the Finance and Procurement Committee of the Board at the National Hospital Insurance Fund (NHIF).

Director Bernard Ngungi

To be Updated

Director Umoro Wario

To be Updated

Director Franck Kanuche

To be Updated

Mr. Stephen Njue - Alternate Director to Principal Secretary, State Department for Energy (Non-Executive Director)
Stephen Njue

Mr. Stephen Njue born in 1970, holds a Bachelor of Arts in Economics and Master of Business Administration in Finance from Kenyatta University. He is also a Certified Public Accountant.

He is a member of the Institute of Directors (Kenya) and Institute of Human Resource Management.

He is the Alternate Director to the Principal Secretary, Ministry of Energy (MoE). Mr. Stephen Njue is currently the Senior Deputy Director, Budget at the MoE.

FCPA Bernard Ndungu, MBS - Alternate to Cabinet Secretary The National Treasury - (Non-Executive Director)
FCPA Bernar Ndungu MBS

FCPA Bernard Ndungu, MBS holds a masters degree in Public Finance Management from the University of London and a Bachelor of Commerce degree (Finance Option) from the University of Nairobi. He is also a Fellowship member of the Institute of Certified Public Accountants of Kenya (ICPAK). Prior to being appointed as Director General at the National Treasury in December 2014, he worked as a Director in PricewaterhouseCooopers (PwC), and previously worked for Ernst & Young.

FCPA Bernard is a Public Financial Management Specialist with experience in accountancy, audit, value-for-money review, procurement, tax, business risk analysis, systems review and re-engineering, development of process manuals, policies and procedures, training and institutional capacity building covering various sectors.

FCPA Bernard is the Director General Accounting Services and Quality Assurance at the National Treasury, Government of Kenya, a position that puts him in charge of Accounting function of Government, National Sub County Treasuries, the Integrated Financial Management Information System (IFMIS), Government Digital Payments Unit and the Internal Audit Function of the National Government. He represents the Cabinet Secretary/National Treasury in various boards.

Mr. Chrisologus Makokha - (Inspectorate Of State Corporations)

Mr Makokha is experienced and professional in advising Boards and Management of State Corporations on Corporate Governance and Compliance issues, Monitoring the Performance of State Corporations, Management Audits and undertaking surcharges for restitution of misappropriated Public Funds.

He has over 26 years of work experience in various Ministries and Government Institutions and extensive exposure and experience in Strategic Planning and Strategy Execution. He is an expert in the field of Statistics, encompassing Data Collection, Analysis and Dissemination, as well as Monitoring and Evaluation.

He is currently a Senior Deputy Inspector General of State Corporations in the Inspectorate of State Corporations, Office of the President. He represents the Secretary, Inspectorate of State Corporations in the KEFRI Board.

Mr Chrisologus Makokha holds a Master of Business Administration from Jomo Kenyatta University of Agriculture and Technology. He is currently a student at the same University, undertaking a PhD in Business Management.

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