Kenya Electricity Generating Company Plc

Kenya Electricity Generating Company PLC (KenGen) is the largest electric power generating company in East Africa, producing over 65% of Kenya’s installed electricity capacity. Incorporated in 1954 as the Kenya Power Company (KPC), it was tasked with developing electricity generation facilities and constructing transmission lines. In 1997, management was separated from Kenya Power, and in 1998, it was renamed Kenya Electricity Generating Company, adopting the trading name KenGen PLC. Listed on the Nairobi Securities Exchange in 2006 following a successful IPO where the Government of Kenya sold 30% of its stake.

KenGen specializes in renewable energy sources including geothermal, hydro, wind, and thermal power, with a strong focus on geothermal expertise positioning Kenya as a global leader. It operates numerous power plants, such as Olkaria geothermal stations, Gitaru hydro plant, and Ngong wind farm, boasting an installed capacity of approximately 1,726 MW to 1,817 MW. The company generates electricity from diverse sources: hydro (around 825 MW), geothermal (over 700 MW), thermal (250+ MW), and wind (25+ MW).

With a dominant 65% market share in Kenya’s energy sector and about 2,516 employees as of 2024, KenGen leads in sustainability, producing 94% renewable energy and committing to initiatives like planting 15 million trees. Its fiscal year ends June 30, and it aligns with national green energy goals, operating projects in Kenya, Ethiopia, and Djibouti.