KenGen Managing Director Rebecca Miano Rebecca Miano will continue serving as Kenya Electricity Generating Company PLC (KenGen) Managing Director following the renewal of her employment contract for another three years. According to a statement signed by the Board Chair Joshua Choge, the company has continued to grow in terms of assets has posted impressive results and generated adequate cash flows.
“During Mrs. Miano’s three-year tenure at the helm of KenGen, the Company has continued on an upward growth trajectory, consistently reporting good corporate financial performance despite a difficult operating environment that has affected many other businesses globally,” stated Choge.
According to the board, the good financial records have enabled KenGen pay dividend of Kshs 2.6 Billion to shareholders for the financial year 2018, followed by the successful final redemption of the listed KShs 25 Billion KenGen Public Infrastructure Bond in October 2019 that confirmed to the investor world that KenGen is a credible company to invest in whether through equity or debt financing.
The board lauded Mrs. Miano´s leadership saying KenGen has turned into a geothermal powerhouse in Africa adding that the company´s diversification strategy has seen the organisation be awarded two multi-million shilling geothermal drilling and consultancy contracts in Ethiopia.
“This has opened new opportunities for the company, further entrenching its expertise in geothermal energy,” stated the statement.
Kenya is the 7th largest geothermal energy producer in the world and the leader in the continent.
Geothermal energy generation, as a key green energy resource, has greatly contributed towards building the country’s green energy capacity, with more than 80% of electricity generated by KenGen resulting from renewable sources, namely geothermal, hydro and wind. Tell Us What You Think
