Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Electricity Generating Company (KenGen) has reported a 9.2 per cent drop in net profit in first-half earnings compared with the same period a year earlier. The listed firm reported KSh2.96 billion in net profit for the six months to December 2023. This profit drop from the KSh3.26 billion reported in a similar period last…
KenGen, Kenya’s major electricity generating company, has spent Ksh994 million on community empowerment programmes in Nyakach Constituency, a huge amount going to the education sector. The sector consumed the lion’s share at Ksh300 million, with much of the cash going into funding bright and needy students in the area. More than Ksh197 million was spent…
The Kenya Electricity Generating Company (KenGen) has reported a 48% growth in profit after tax for the Financial Year (FY) ended June 30, 2023, surging to Ksh5.02 billion up from Ksh3.4 billion in the previous FY. It also reported a 14% growth in revenue from Ksh47.48 billion in 2022 to Ksh53.96 billion largely spurred by…
Kenya Electricity Generation Company (KenGen) Chairman Julius Ogamba has revealed that the upgrade of the company’s Gogo power plant in Migori County aligns perfectly with Kenya’s commitment to clean energy and contributes significantly to the national goals outlined in the global climate action agenda. Addressing board members after a tour of the company’s facility in…
Kenya Electricity Generation Company (KenGen) now intends to diversify its production module in view of the vagaries of the effects of climate change and unreliable rains. Chief Executive Officer (CEO) Eng. Peter Njenga said they will no longer depend of water alone for power generation and intend to use other sources such as solar power,…
Kenya Electricity Generating Company (KenGen) has received Cabinet approval to embark on the Gogo Hydropower Redevelopment Project, bringing relief to the people of Western Kenya. The decision was made during a Cabinet meeting chaired by President William Ruto at State Lodge Kisumu. The Project, situated along the banks of River Kuja in Migori County, is…
