KenGen Geothermal Plaza offices, Naivasha. [Jonah Onyango, Standard] Kenya Electricity Generating Company (KenGen) is in talks with three countries for geothermal drilling contracts as it seeks to cut reliance on revenues from Kenya Power. Chief Executive Rebecca Miano said yesterday the firm is in discussions with DR Congo, Comoros and Rwanda for drilling works that […]
The Kenya Pension Fund Investment Consortium, whose members control about $2.63 billion in assets under management, says it has identified 17 infrastructure projects in the water, energy, affordable housing and roads sectors that are viable for investment. PHOTO | PSCU For pension funds, long-term bonds align more closely with their long-term investment outlook, unlike banks […]
DJIBOUTI: KenGen starts drilling at the Gale Le Koma geothermal site©Dave Primov/Shutterstock Kenya Electricity Generating Company (KenGen) announces the start of drilling on the Gale Le Koma geothermal site. The Kenyan company is carrying out an order from the Djibouti Geothermal Energy Development Office (ODDEG). Kenya Electricity Generating Company (KenGen) was supposed to start drilling […]
Over a round of golf one afternoon in 1995, four entrepreneurs began discussing how to pool resources to pursue business opportunities. A tide of change was sweeping the country with the introduction of multi-party politics and a new regime, and an optimistic millennium was on the horizon. Their target was to raise Sh50 million. But […]
Liquefied petroleum gas storage tanks. LPG cost in Mombasa is much higher than in Dar es Salaam. PHOTO | COURTESY Despite Kenya and Dar signing an agreement to start working on a gas pipeline from Dar es Salaam to Mombasa, as part of a long-term project to share energy resources, Kenya remains open to other […]
(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 […]
Kenya Electricity Generating Company earnings from the new Ethiopian operations quadrupled from Sh440 million last year to Sh1.7 billion in the year ending June 2021. The firm’s diversification venture that includes drilling in Tulu Moye in Ethiopia contributed revenues that surpassed the expenses of setting up. KenGen said in its annual report the costs associated […]
Kenya Power #ticker:KPLC plans to procure drones to inspect its power plants and lines across the country as part of a fresh plan to increase efficiency and cut costs. This is a step up for Kenya Power which currently relies on a single helicopter to inspect its critical infrastructure and conduct aerial repairs. The utility […]
Uber Kenya has partnered with electric vehicle company Opibus to provide electric motorcycles for riders on its app, as it looks to reduce the environmental impact of its fleet. The two firms will provide 3,000 electric motorcycles next year at a selling price of Sh158,200 ($1,400) each, with financing also available for riders looking to […]
Electricity generator KenGen has rejected a bid by Kenya Power #ticker:KPLC to avoid paying Sh936.2 million penalty accrued due to late payments for sales. Kenya Power had attempted to avoid paying the interest on grounds of Covid-19 disruptions, but KenGen denied the request saying the power distributor had failed to demonstrate that failure to pay […]
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