Steam pipes at the geothermal wells in Olkaria KENGEN power stations, Naivasha, Nakuru County on June 2020. FILE PHOTO | NMG The High Court has blocked KenGen from awarding a tender worth close to Sh1 billion to H. Young & Company (East Africa) Ltd, pending the determination of a petition filed by a local company. […]
KenGen’s #ticker:KEGN net profit dropped 93.5 percent in the year ended June on what the power producer blamed on higher taxation. The company reported net earnings of Sh1.2 billion in the review period, down from Sh18.4 billion a year earlier. It incurred an income tax expense of Sh13.5 billion in the period, having booked an […]
FILE PHOTO: Kenya Electricity Generating Company workers walk past the pylons of high-tension electricity power lines at the Olkaria II Geothermal power plant near the Rift Valley town of Naivasha NAIROBI (Reuters) – Kenya Electricity Generating Co Ltd (KenGen) reported a 7% rise in pretax profit to 14.76 billion Kenyan shillings ($132.73 million) for the […]
A Kenyan flag flies on the FlipFlopi boat, beneath it, is a solar panel fitted on the boat’s roof during the lake Victoria expedition – James Wakibia / SOPA Images In Kenya, the commercial and industrial solar market is the fastest-growing solar segment today, but the Kenya Power and Light Company (KPLC) is under public […]
Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed. The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as the proceeds were invested in […]
Kenya Power spends over 66% of its revenue on purchasing power IPPs rake in 47% of power purchase costs despite supplying 28% of units to the electricity distributor Gulf Power Ltd for instance, sold 18 million units at KSh 2.19 billion (KSh 121.56 per unit) whereas KenGen was paid KSh 5.48 per unit Twenty-eight per […]
The CS of Transport James Macharia, Kengen MD Rebecca Miano and CS for environment Keriako Tobiko plant a tree in Olkaria Naivasha to mark the World Habitats Day. KenGen and the Nairobi Metropolitan Services have partnered to develop a waste powered energy plant in Nairobi. KenGen Managing Director Rebecca Miano said the project would enhance […]
KenGen-Managing-Director-CEO-Mrs.-Rebecca-Miano-L-receives-the-companys-fifth-ISO-90012015-and-ISO-140012015-certification-from-Bureau-Veritas-District-Executive-Officer-Eastern-Africa-Mr.-Cyprian Nairobi, Kenya, October 7 – Kenya Generating Electricity Company (KenGen) PLC Thursday received its fifth ISO re-certification after successfully going through rigorous audits conducted by Bureau Veritas to confirm the company’s conformity to the international standards. KenGen Quality Management Systems (QMS) and Environmental Management Systems (EMS) were audited in June 2021 and found to […]
•KenGen was the first public institution to receive the ISO certification in Kenya back in 2004. •CEO Rebecca Miano says implementation of ISO has helped improve the company’s efficiency and overall performance. KenGen managing director and CEO Rebecca Miano receives the company’s fifth ISO 90012015 and ISO 140012015 certification from Bureau Veritas District Executive Officer-Eastern […]
Image credit: 123rf. Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed global campaign to fight global warming. The Kenyan utility is the first public service agency in the country to join the initiative. The campaign dubbed Business Ambition for 1.5°C , is backed by a global coalition of the United Nations leaders, business […]
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