Trading name KenGen Traded as KN: KEGN Number of employees 2,063 | Type Public company CEO Albert Mugo (Jan 2014–) Founded 2 October 1998 | |
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Key people Eng. Albert Mugo – CEOJoshua Choge – chairman Profiles | ||
Kenya electricity generating company kengen increases output from hydro power plants
Kenya Electricity Generating Company or simply KenGen is a company, the largest power producing company in Kenya producing about 72% of the electricity consumed in the country.
Contents
- Kenya electricity generating company kengen increases output from hydro power plants
- Kenya electricity generating company scales up investments
- Overview
- History
- Ownership
- List of power stations and installed capacity
- Current capacity
- Thermal
- Hydroelectric
- Geothermal
- Wind
- Future projects
- Lists
- References
Kenya electricity generating company scales up investments
Overview
KenGen relies on various sources to generate electricity ranging from hydro, geothermal, thermal and wind. Hydro is the leading source, with an installed capacity of 0.821 GW, which is 52.3 percent of the company's installed capacity.
The company owns 15 hydropower plants with a combined capacity of 819.9 MW, five thermal power plants of 262.5 MW, five geothermal power plants of 508.8 MW and one Wind power plant at Ngong of 25.5 MW resulting a total installed capacity of 1,617 GW.
Presently KenGen owns four geothermal power stations, namely: Olkaria I and Olkaria II, Olkaria I unit 4 and 5, and Olkaria IV.
The power stations are within the great Rift Valley adjacent to the famous Hell's Gate National Park, and also bordering Lake Naivasha.
History
The company was founded on 1 February 1954 as the Kenya Power Company (KPC) and was commissioned to construct the transmission line between Nairobi and Tororo in Uganda. This was to transmit power generated at the Owen Falls Dam to Kenya. KPC was also tasked to develop electricity generating facilities in the country.
KPC was managed by the Kenya Power and Lighting Company under a management contract. In January 1997, the management of KPC was formally separated from Kenya Power as a direct result of reforms being under taken in the energy sector and the entire economy. Subsequently, on 19 January 1998 the company changed its name from Kenya Power Company to Kenya Electricity Generating Company. The trading name KenGen was also adopted at this point.
In 2006, KenGen was listed on the Nairobi Securities Exchange after the Government of Kenya sold 30 percent of its stake in the company through a successful initial public offering that received over 280,000 applications.
Ownership
KenGen currently has 2,198,361,456 shares. The stock of Kenya Electricity Generating Company is listed on the NSE, where it trades under the symbol: KEGN
List of power stations and installed capacity
See also List of power stations in Kenya
Current capacity
The current capacity of KenGen's power stations are;
Thermal
Hydroelectric
Geothermal
Wind
Future projects
KenGen plans to more than double its' electricity generating capacity to 4,270 megawatts by 2025 at a cost of $8.1 billion.