Kenya Electricity Generating Company PLC
NNSEKE:KEGN10.70
KES
+0.30
(+2.88%)
Kenya Electricity Generating Company PLC
NSEKE:KEGN
(Nairobi Securities Exchange)
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10.70
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ROIC.AI
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- Business
- Kenya Electricity Generating Company PLC (KenGen) is a Kenya-based electric utility and the leading power generation company in East Africa. The company specializes in the development, operation, and management of electric power generation assets, producing the majority of Kenya's electricity supply with an emphasis on renewable energy resources. KenGen operates through diversified power generation and technical energy services segments, offering products and services that include: geothermal electricity generation utilizing high-temperature steam reservoirs across the Olkaria geothermal complex; hydroelectric power generation utilizing major river basins, including the Seven Forks cascade, Turkwel, and Sondu Miriu; wind power generation through utility-scale wind installations such as the Ngong Hills wind farm; solar photovoltaic electricity generation; thermal power generation via heavy fuel oil facilities to provide grid stability; commercial geothermal well drilling and integrated reservoir management services, including deep well drilling, directional drilling, well testing, and rig hire; geoscientific and environmental consultancy services, comprising geological, geochemical, and geophysical surveys, environmental and social impact assessments, and specialized laboratory testing; operation, maintenance, and technical engineering services for third-party power generation infrastructure; direct high-pressure and low-pressure steam sales to industrial off-takers; infrastructure and utility provisions for manufacturing and digital operations within its green industrial parks; and recreational wellness services through the Olkaria Geothermal Spa. KenGen sells wholesale electricity primarily to the national distributor, Kenya Power and Lighting Company PLC, under long-term power purchase agreements, while delivering drilling and engineering consultancy services to state and private utility developers throughout the East African region. In recent developments, KenGen has accelerated its regional commercial expansion and asset optimization initiatives under its long-term corporate growth strategy. The company has progressed the commercial development of the Olkaria Green Energy Park Special Economic Zone, dedicated to hosting heavy industries and hyperscale green data centers powered directly by renewable geothermal baseload energy. In support of digital infrastructure growth, KenGen has entered into strategic partnerships with technology infrastructure developers and the Konza Technopolis Development Authority to supply clean power to emerging cloud data hubs. Across its generation portfolio, the company has undertaken major capacity upgrade projects, including the rehabilitation and turbine uprating of Olkaria I Units 1, 2, and 3 to extend operational life and output, the redevelopment and capacity expansion of the Gogo Hydroelectric Power Station, and the integration of a utility-scale solar photovoltaic installation at the Seven Forks hydro complex to create a hybrid renewable system. In its cross-border services business, KenGen has advanced commercial geothermal drilling operations and consultancy contracts across the East African Rift System, executing multi-well drilling programs in Ethiopia and geoscientific advisory projects in Djibouti. Additionally, the company has initiated feasibility assessments for green hydrogen and green ammonia production utilizing its abundant geothermal resources to tap into the zero-emission fuels market. Founded in 1954 and restructured in 1997, KenGen is headquartered in Nairobi, Kenya, and operates as a public limited company with majority ownership held by the Government of the Republic of Kenya.