(Left to Right) KenGen’s Finance & ICT Director, Dr. John Mudany, KenGen MD, Mrs. Rebecca Miano, KenGen Chairman, Gen. (Rtd) Samson Mwathethe and KenGen Alternate Director, William Mbaka at KenGen’s 69th AGM/KenGen NAIROBI, Kenya, Dec 17 – Kenya Electricity Generating Company (KenGen) on Thursday reported continued growth in electricity demand at an average rate of 4.5 per cent year-on-year driven by high business activity.
Demand for power according to the electricity generator soared to a historic high of 2,036MW in November signaling increased use as the country continued with its recovery from a slowdown triggered by the COVID-19 pandemic.
KenGen also noted the country had scaled up use of renewable sources further boosting Kenya’s standing in the fight against climate change.
Speaking during the 69th Annual General Meeting KenGen Board Chairperson Gen (Rtd) Samson Mwathethe said more than 92 per cent of the electricity consumed was generated from renewables.
“We are glad to note that in the past two years under review, despite experiencing the challenging operating environment owing to restrictions brought about by the Covid-19 pandemic, we recorded progress as a country,” he said.
Mwathethe said that the company was preparing to add another 83MW to the national grid in the first quarter of 2022 once the Olkaria I, Unit 6 geothermal power plant is commissioned.
He said the company was pleased to have delivered positive results amidst challenging times.
Speaking during the AGM, Managing Director and CEO, Rebecca Miano said, KenGen will continue implementing its corporate strategy to ensure sustainable electricity supply in the country, while leveraging on innovation and partnerships for business growth and diversification.
During the AGM, shareholders approved a recommendation by the KenGen Board to pay about 200,000 shareholders a total of Sh1.98 billion in dividends for the year ended June 30, 2021.