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Nairobi, April 21, 2022: Kenya Electricity Generating Company PLC (KenGen) has completed drilling of the seventh geothermal well in Ethiopia further bolstering the company’s renewable energy footprint in the Horn of Africa.

This latest announcement is from the Aluto-Langano geothermal site where KenGen is implementing a drilling consultancy project for the state-owned Ethiopian Electric Power (EEP) company. The drilling of the seventh well was completed on schedule at a depth of 3,000 meters.

“This is the second 3,000 meters well we have drilled in Ethiopia so far, and I must commend our teams on the ground for successfully delivering to expectations despite the threats of COVID-19 and security situation in Ethiopia at the time of project implementation,” said KenGen Managing Director and CEO, Rebecca Miano.

This milestone reaffirms the NSE-listed company’s expertise in geothermal development in Africa, having earlier drilled the deepest geothermal well in the Horn of Africa also at a depth of 3,000 meters as announced by KenGen on November 11, 2021.

Commenting on the project timelines, Miano said: “We have now embarked on drilling of the fifth geothermal well under the EEP project in Aluto-Langano and we expect to complete the work in a fortnight’s time.”

The Ethiopian and Djiboutian ventures are 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.

In November last year, KenGen announced that it had started work to deliver three geothermal wells in Djibouti setting in motion a Ksh.0.7 billion contract.

Locally, KenGen continues to grow Kenya’s geothermal capacity and has now started drilling of additional geothermal wells in Eburru geothermal field located in Naivasha.

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 geothermal potential of 10,000MW spread along its part of the Rift Valley circuit.

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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 (25.5MW).

 

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Mr. Julius Migos Ogamba - 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.

 

Mr. Abraham Serem - Ag. Managing Director & CEO

 New A. Serem"twitter@_AbrahamSerem

Mr. Abraham Serem is a seasoned human resource practitioner with vast experience both in Kenya and East Africa. He holds a Bachelor of Arts degree from the University of Nairobi. His professional qualifications include: a Higher National Diploma in Human Resource Management and a Diploma in Intermediate Executive Coaching from the Academy of Executive Coaching.

He is a member of the Institute of Human Resource Management, Kenya.

Prior work experience includes Heineken East Africa Ltd where he held the position of Director, East Africa Breweries Ltd, Nampak East Africa and Reckitt Benckiser East Africa, where he held various senior managerial positions.

Mr. Serem joined KenGen management team on 1st March, 2016 as the Human Resource and Administration Director.

He is responsible for execution of Human Resource strategy to optimize human capital contribution and provide work environment that continuously adds value to stakeholders in provision of electric energy and business sustainability.

Departments:

Administration, Human Resource Services and Human Resource Development

 

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. Winnie Pertet - (Independent & Non-Executive Director)

Ms. Winnie Pertet

Winnie brings over twenty-five years of experience in people leadership and organizational transformation mostly from multinational and large organizations.

Winnie has led key projects that were aimed at transforming most of the organizations that she worked for including, merger and acquisition for UAP/Old Mutual, rebranding, and culture change at KCB Bank and East  African Breweries. She also led restructuring projects at Delphis Bank, KCB, Diageo, and UAPOld Mutual.

Winnie currently serves on the following Boards;

  • At Kengen- A Non- executive independent Board member; chair of the Strategy Committee   a member of the HR & Remuneration and Audit, Risk & Compliance Committees
  • A Non- executive independent Board member  -Britam  General Insurance  a subsidiary of Britam,
  • A Trustee of the Management University of Africa

She is also a proud Rotarian and is currently the President of RC Karura.

Winnie also previously served as the;

  • Chairperson of the National Employment Authority,
  • Chairperson, Association of Retirement Benefits Schemes

She is currently the CEO and Lead Consultant at Serian Consulting Limited, a firm that deals in end-to-end Strategic HR consulting services. She is an HR thought leader skilled in organizational transformation skills, mergers, and acquisition people integration), culture, and organization branding.

Winnie is a holder of an MBA in Human Resource Management, and a Degree in Education, both from Kenyatta University. She also has a Higher National Diploma in Human Resource Management and an Executive Coaching certification from the Academy of Executive Coaches. She is a member of the Global Organization Design Community.

Her key leadership skills include coaching, mentorship, team motivation, inclusion, and diversity. Her leadership style is nurturing teams for success.

Mr.James Opindi - (Independent & Non-Executive Director)

Mr. James Opindi

Mr. James Opindi has had an illustrious career in the Energy Sector with specialization in Oil and Gas. He has held positions at Board, Executive, and Senior Management levels at ExxonMobil Affiliate Companies, Navgas Ltd in Nigeria, African Gas and Oil Ltd and Weld-Con Ltd.

During his long experience, James has supervised Energy related projects in several African Countries; and supervised SH&E (Safety, Health and Environmental Protection) operations while in charge of Africa and Middle East for ExxonMobil based in Brussels, Belgium. He has a strong and proven track record in Engineering Project Management, Oil and Gas Operations, and SH&E.

Mr. Opindi has vast knowledge and broad business experience in matrix and multifunctional organizations and is a widely acknowledged Expert and Consultant.

Born in 1951, he holds a Bachelor of Science Degree in Mechanical Engineering from the University of Nairobi.

Mr. Samuel Kimani - (Independent & Non-Executive Director)

Mr. Samuel Kimani

Mr. Samuel Kimani born in 1962 holds a Bachelor of Science Degree in Civil Engineering and an MBA in Strategic Management both from the University of Nairobi. He is an alumnus of the Harvard Business School’s Advanced Management Program. He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK).

Mr. Kimani is a seasoned financial expert with an illustrious career in banking spanning over 20 years. He is the immediate former Chief Executive Officer of Jamii Bora Bank Limited (now Kingdom Bank Limited). Prior to that, he served in various capacities at the KCB Bank Group Plc including Finance Director, Financial Controller and rose through the ranks to the position of the Deputy Chief Executive Officer of the bank and group.

He has also served at the Central Bank of Kenya in various capacities including Deputy Chief Banking Manager, Deputy Director Financial Markets, Principal Financial Accountant, and the Chief Internal Auditor. He has also headed the Surveillance Division of the Deposit Protection Fund. He has also served as a Senior Auditor at PricewaterhouseCoopers (PwC).

He sits on various boards including the Nairobi Securities Exchange which he chaired for four years.

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 Wairimu 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. Mutai Stephen Kipkoech -(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).

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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