Kenya Electricity Generating Company PLC

Logo
Trade name	KenGen PLC
Company type	Public Liability Company
Traded as	KN: KEGN
Industry	Electric power
Founded	1 February 1954; 70 years ago (1954-02-01)
Founder	Government of Kenya
Headquarters	Nairobi , Kenya
Area served	Kenya
Key people	Julius Migos Ogamba, Chairman of the Board of Directors Eng. Peter Njenga, Managing Director and Chief Executive Officer
Revenue	KSh.44.110 billion/= (30 June 2020)
Net income	KSh.18.377 billion/= (30 June 2020)
Total assets	KSh.412.927 billion/= (30 June 2020)
Total equity	KSh.211.318/= (30 June 2020)
Owner	Government of Kenya
Number of employees	2,600 (17 November 2023)[1]
Website	http://www.kengen.co.ke/

Kenya Electricity Generating Company PLC^[2] abbreviated to KenGen, is a government enterprise in the Republic of Kenya charged with the production of electricity for the country. KenGen is the largest electric power producer in Kenya, generating over 60%^[1] of the electricity consumed in the country.

Overview

KenGen relies on various sources to generate electricity, ranging from hydropower, geothermal, thermal and wind, with hydropower being the leading source of electricity.

The company owns 30 hydropower plants with a combined capacity of 825.69 MW, four thermal power plants generating 256 MW, seven geothermal power plants with a generating capacity of 713.13 MW and one Wind power plant at Ngong producing 26 MW, for a combined generating capacity of 1,817.82 MW.^[3]

Presently KenGen operates five major geothermal power plants with 12 installed units, namely: Olkaria I, Olkaria II, Olkaria I unit 4 and 5, Olkaria IV, Olkaria V. 16 wellhead plants with 21 installed units.^[3]

The Olkaria geothermal power stations are located in Nakuru County within the Hell's Gate National Park bordering Lake Naivasha within the Great Rift Valley.

History

The company was founded on 1 February 1954 as the Kenya Power Company (KPC) and was commissioned to construct the transmission line between Nairobi and Tororo in Uganda. This was to transmit power generated at the Owen Falls Dam to Kenya. KPC was also tasked to develop electricity generating facilities in the country.^[4]

KPC was managed by the Kenya Power and Lighting Company under a management contract. In January 1997, the management of KPC was formally separated from Kenya Power as a direct result of reforms being undertaken in the energy sector and the entire economy.^[4] Subsequently, on 19 January 1998 the company changed its name from Kenya Power Company to Kenya Electricity Generating Company. The trading name KenGen PLC was also adopted at this point.^[5]

In 2006, KenGen was listed on the Nairobi Securities Exchange after the Government of Kenya sold 30 percent of its stake in the company through a successful initial public offering that received over 280,000 applications.^[4]

Ownership

KenGen currently has 6,594,522,339 shares. The stock of Kenya Electricity Generating Company is listed on the NSE, where it trades under the symbol: KEGN^[3]

List of power stations and installed capacity

See also List of power stations in Kenya

Current capacity

The current capacity of KenGen's power stations are;

Hydroelectric

• Gitaru Hydro Power Plant – 225 MW^[6]
• Gogo Hydro Power Plant – 2 MW, on the Gucha River^[7]
• Kamburu Hydro Power Plant – 93^[7]
• Kiambere Hydro Power Plant – 169 MW^[8]
• Kindaruma Hydroelectric Power Station – 72 MW^[9]
• Masinga Hydroelectric Power Station – 40 MW^[10]
• Mesco Hydro Power Plant – 0.43 MW^[7]
• Sagana Hydro Power Plant – 1.5 MW^[7]
• Sondu Miriu Hydroelectric Power Station – 60 MW^[6]
• Sosiani Hydro Power Plant – 0.4 MW^[7]
• Tana Hydroelectric Power Station – 20 MW^[7]
• Turkwel Hydro Power Plant – 106 MW^[11]
• Wanjii Hydroelectric Power Station – 7.4 MW^[12]

Geothermal

• Olkaria I Geothermal Power Plant - 45 MW^[13]
• Olkaria II Geothermal Power Plant - 105 MW ^[14]
• Olkaria I AU Geothermal Power Station - 140 MW^[15]
• Olkaria V Geothermal Plant- 172MW^[16]
• Eburru Geothermal Power Plant – 2.44 MW^[17]
• Wellhead Geothermal Power Plant (Olkaria)- 5.0 MW^[18]
• Wellhead Generation – 81 MW ^[6]

Thermal

• Kipevu I Diesel – 60 MW^[6]
• Kipevu III Diesel – 115 MW^[6]
• Muhoroni Gas Turbine - 55 MW

Wind

• Ngong Hills Wind Power Station: Phase I – 5.1 MW^[19]
• Ngong Hills Wind Power Station: Phase II – 20.4 MW^[19]

Future projects

KenGen plans to increase it installed capacity to 721 megawatts by 2025.^{[citation needed]}

Geothermal

• Olkaria I Unit 6 – 70 MW – Completion Year: 2022 ^[20]
• Eburru Project – 25 MW – Completion Year: 2016^[17]
• Olkaria VI – 140 MW – Completion Year: 2016/17^[21]
• Olkaria VII – 140 MW – Completion Year: 2018^[21]
• Olkaria VIII – 140 MW – Completion Year: 2018^[22]

Wind

• Wind Power Station: Phase II – 300 MW – Completion Year: 2020^{[citation needed]}

Lists

• Electricity by country
  • List of countries by electricity production
  • List of countries by electricity consumption