Kenyans will continue paying dearly for electricity after the Attorney General’s (AG) office said there is little room to wiggle out of expensive contracts that Kenya Power signed with some of the independent power producers (IPPs). This came even as the AG protested being left out of the negotiations that resulted in the signing of […]
Tag: kengen
KenGen awarded for bolstering clean energy production
Kenya Electricity Generating Company PLC (KenGen) has been recognized for leading the Eastern Africa region in clean energy production. The power producer was granted honorary recognition in the 2021 Climate Action Awards East Africa, a competition that shines a spotlight on people and organizations with groundbreaking innovations and ideas to mitigate the effects of climate […]
Energy CS promises early Christmas gift to electricity users
Devolution CS Charles Keter hands over his previous energy docket to CS Monica Juma/HANDOUT Energy CS Monica Juma is confident that the cost of electricity will drop by 33 per cent before Christmas, as the government renegotiates power purchase deals. Yesterday, Juma confirmed a number of IPPs are willing to re-negotiate with the government. Contracts […]
Kenya to convert oil plants to LNG in climate-friendly grid push
Kenya is a leader in clean energy, with 90 percent of its grid already renewable [File: Bloomberg] Kenya plans to retire or convert heavy fuel oil-fired power plants to use liquefied natural gas by 2030 as the nation pursues a cleaner energy path to a 100% climate-friendly grid. State-owned Kenya Electricity Generating Co., or KenGen, […]
KenGen’s climate actions towards a net zero world
By Rebecca Miano NAIROBI, Kenya, October 28 – In early August, scientists from the Intergovernmental Panel on Climate Change (IPCC) released a report indicating that the world is already sure to face further climate disruptions for decades, if not centuries, to come. During the report’s launch, United Nations Secretary-General António Guterres described the report as […]
KenGen posts Sh14. 8bn profit for year ending June 30
Wind turbines at the Kenya Electricity Generating Company (KenGen) station in Ngong hills, about 22 km southwest of Kenya’s capital Nairobi, Sept, 11, 2010. The East African region needs 64 billion U. S. dollars to implement joint power generation projects in the next 25 years to increase the region’s installed electricity generation, Tanzanian Prime Minister […]
KenGen’s net profit drops 16 folds on high tax expense
KenGen Managing Director and CEO Rebecca Miano. She is among leading women CEOs in the energy sector. High tax expense that followed the government’s reversal of Covid-19 significantly cut Kenya Electricity Generating Company’s profit for the year ended June 30. According to the listed generator’s audited results released over the weekend, net earnings dropped to […]
Explainer on Independent Power Producers Selling Electricity to Kenya Power and Tariffs They Charge
Around 28% of Kenya’s installed capacity is owned and operated by IPPs, while 72% is supplied by state-owned Kenya Electricity Generating Company PLC Independent Power Producers (IPPs) account for 25% of Kenya Power’s total output but rake in 47% of power purchase costs Despite KenGen supplying KPLC with 72% of the total power, it accounts […]
Kenya Power among 9 State Agencies Struggling with Huge Debts
The National Treasury disclosed the loans amounted to KSh 104.84 billion The exchequer said the billions were invested in priority projects but may have to be repaid by taxpayers given the poor financial state of the parastatals As of June 2020, KPLC had debts amounting to KSh 53.84 billion At least nine state-owned firms are […]
KenGen bets on Sh28.7m drones for plants check
Power producer Kenya Electricity Generating Company (KenGen) has bought two drones to inspect its plants at its Olkaria geothermal fields in Naivasha. KenGen said the high-end unmanned aerial vehicles (UAVs) bought at Sh28.7 million would be deployed in the vast Olkaria Fields for surveillance. “They will be deployed in the Olkaria Fields to help in […]