KENGEN - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

KenGen signs fifth investor at Olkaria green energy park

Sacco ReviewJuly 18, 202605 mins

KenGen signs fifth investor at Olkaria Green Energy Park with a KSh2.6 billion fish feed plant. Company plans to double geothermal capacity to 1,500MW by 2034 through public private partnerships. New facility will be the region’s largest fish feed plant, targeting markets across East Africa. Kenya Electricity Generating Company (KenGen) has signed its fifth investor…

Kenya to pay higher tariffs for Ethiopian electricity under renewed deal

Sacco ReviewJuly 16, 202604 mins

Kenya Power raises Ethiopia power import tariff to about Ksh 20 per unit. Ethiopian electricity now supplies over 10% of Kenya’s grid. Kenya plans to expand Ethiopian power imports to Marsabit and Mandera. Kenyan electricity consumers face a new cost reality after Kenya Power agreed to pay approximately Ksh 20 (15.5 US cents) per kilowatt-hour…

Treasury fast-tracks KPC stake sale to raise Ksh100 billion amid budget crisis

Sacco ReviewAugust 7, 202505 mins

The National Treasury has accelerated plans to sell a majority stake in Kenya Pipeline Company (KPC) as it seeks to raise Ksh100 billion to ease mounting financial pressure. The move comes as the government struggles to access funds from development partners and development finance institutions, prompting a shift toward privatization of profitable state corporations. Under…

Uriri residents laud govt for fast-tracking Gogo Power Substation expansion

Sacco ReviewJanuary 9, 2025January 9, 202505 mins

Uriri residents have lauded the government for fast-tracking the expansion of the multimillion Kenya Electricity Generating Company (KenGen) Gogo Power Substation, whose groundbreaking ceremony is set for early this year. Area Member of Parliament Mark Nyamita has been leading a major campaign aimed at compensating residents whose parcels have been taken over. Nyamita tabled the…

KenGen launches ambitious plan to upgrade Gogo Power Plant in Migori

Sacco ReviewJanuary 8, 202505 mins

The Kenya Electricity Generating Company (KenGen) will embark on an ambitious plan to upgrade the Gogo electricity power plant in Uriri, Migori County, from its current 2MW capacity to 8.6MW. According to the company’s Managing Director, Engineer Peter Njenga, the project, guided by the Least Cost Power Development Plan (LCPDP), will increase the annual energy…

KenGen profit falls 9.2 per cent on weak shilling

Sacco ReviewMarch 1, 2024March 1, 202404 mins

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 invests hundreds of millions in CSR activities in Nyakach

Sacco ReviewFebruary 23, 202404 mins

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…

KenGen records Ksh5B in profits, plans to increase power production

Sacco ReviewOctober 27, 2023October 27, 202304 mins

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…

KenGen’s Gogo power plant upgrade aligns with Kenya’s commitment to clean energy

Sacco ReviewOctober 23, 2023October 23, 202302 mins

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…

KenGen mulls banking on geothermal alternatives over unreliable rains

Sacco ReviewOctober 19, 2023October 19, 202305 mins

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,…