KenGen Limited (KEGN.ke)

Kenya Electricity Generating Company PLC (KenGen) – Headquarters: Nairobi, Kenya

Industry: Renewable Energy and Electricity Generation

Core Business Activities: KenGen is the largest electricity generating company in East Africa, specialising in clean, renewable energy. Established in 1954, KenGen focuses on the development, management, and operation of power plants, providing over 65% of Kenya’s installed capacity. The company harnesses geothermal, hydro, wind, and thermal resources, with a strong emphasis on expanding its renewable energy footprint. With significant geothermal expertise, KenGen positions Kenya among the top geothermal energy producers globally, contributing to Kenya’s green energy goals and operating projects in both local and international markets, including Ethiopia and Djibouti.

Market Position: KenGen commands a dominant market share of 65% in Kenya’s energy sector, holding a robust installed capacity of 1,726 MW. It leads in geothermal energy production within Africa, supported by a strong alignment with Kenya’s clean energy policies. KenGen’s commitment to innovation, sustainability, and a clean energy agenda uniquely positions it as a leader in the renewable energy sector.

Number of Employees: Approximately 2,516 employees as of June 2024, reflecting KenGen’s ongoing investment in a skilled workforce dedicated to driving its clean energy initiatives.

Mission: KenGen is committed to delivering competitively priced electricity within the region by leveraging advanced technology and highly skilled talent, driving a transition to 100% clean energy for a sustainable future.

Financial Highlights: In the financial year ending June 30, 2024, KenGen reported revenues of KShs 56,297 million, marking a 4.3% growth from the previous year. Profit before tax rose by 28% to KShs 10,947 million, while profit after tax increased by 35% to KShs 6,797 million.

• Revenue: KShs 56,297 million
• Profit Before Tax: KShs 10,947 million
• Profit After Tax: KShs 6,797 million
• Market Share: 65% of Kenya’s installed capacity
• Installed Capacity: 1,726 MW
• Dividend: KShs 0.65 per ordinary share

Sustainability Focus: KenGen leads with a commitment to environmental sustainability, producing 94% of its energy from renewable sources. Its flagship programs include the “Green Initiative Challenge,” aiming to plant 15 million trees over the next decade to combat deforestation and foster climate resilience. The company achieved a milestone by offsetting 1.5 million tonnes of CO2 annually through Clean Development Mechanism projects, reinforcing its commitment to a sustainable, green energy future for Kenya and beyond.