Kenya Electricity Generating Company

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Kenya Electricity Generating Company
Trading name KenGen
Type Public
NSE: KEGN
Industry Electric power
Founded 1 February 1954; 60 years ago (1954-02-01)
Headquarters Nairobi, Kenya
Area served Kenya
Key people

Eng. Albert Mugo - CEO

Joshua Choge - Chairman
Revenue KES 17.72 Billion (June 30, 2013)
Net income KES 5.27 Billion (June 30, 2013)
Total assets KES 188.7 Billion(June 30, 2013)
Total equity KES 74.13 (June 30, 2013)
Employees 2,063 (June 30, 2013)[1]
Website KenGen
Not to be confused with the associated Kenya Power and Lighting Company.

Kenya Electricity Generating Company or simply KenGen is a company, the largest power producing company in Kenya producing about 72%[1] of the electricity consumed in the country.

Overview[edit]

KenGen relies on various sources to generate electricity ranging from hydro, geothermal, thermal and wind. Hydro is the leading source, with an installed capacity of 1.24 GW,[1] which is 64.9 per cent of the company’s installed capacity.

The company owns fourteen (14) hydropower stations with a combined capacity of 820 MW, Five thermal power plants[2] of 256 MW, Four geothermal power plants of 158 MW and one wind farm[3] of 5.1 MW resulting a total installed capacity of 1,239 GW for KenGen.[1]

With the high costs of production, operation, and maintenance of hydro power plants, KenGen made a deliberate move to shift focus to expansion of Geothermal energy production. This is also inline with the Vision 2030 and Governments plan of increasing production capacity by over 5,000 MW by the year 2018 and at the same time bring down cost of power for both domestic and industrial use.

Olkaria area in Naivasha is the most prospective area in Geothermal development according to a geological and geophysical surveys conducted by the United nations Development Program (UNDP). Presently KenGen owns four geothermal power stations, namely: Olkaria I and Olkaria II, Olkaria II unit IV and V, and Olkaria IV.

The power stations are within the great Rift Valley adjacent to the famous Hell’s Gate National Park, and also bordering Lake Naivasha.

History[edit]

The company was founded on February 1, 1954[1] as 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 as well 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 under taken in the energy sector and the entire economy. Subsequently, on January 19, 1998 the company changed its name from to Kenya Power Company to Kenya Electricity Generating Company. The trading name KenGen was also adopted at this point.

In 2006, KenGen was listed on the Nairobi Securities Exchange after the Government of Kenya sold 30% of its stake in the Company through a successful Initial Public Offer that received over 280,000 applications.[4][5]

Ownership[edit]

The stock of Kenya Electricity Generating Company is listed on the NSE, where it trades under the symbol: KEGN[1]

Kenya Electricity Generating Company Stock Ownership
Rank Name of Owner Percentage Ownership
1 Government of Kenya 70
2 Others 30
Total 100.00

List of power stations and installed capacity[edit]

Current Capacity[edit]

The current capacity of KenGen's power stations can be summarized as follows:[1]

Thermal[edit]

  • Kipevu I Diesel - 73.5 MW
  • Kipevu III Diesel - 120 MW
  • Embakasi Gas Turbine - 60 MW
  • Lamu - 2.9 MW
  • Garissa - 6.7 MW

Hydroelectric[edit]

Geothermal[edit]

Wind[edit]

  • Ngong Wind Power Plant - 5.1 MW

Future Projects[edit]

Geothermal[edit]

  • Well head Generation - 70 MW - Completion Year: 2014
  • Olkaria IV Unit 1&2 - 140 MW - Completion Year: 2014
  • Olkaria I Unit 4&5 - 140 MW - Completion Year: 2014
  • Olkaria I Unit 6 - 70 MW - Completion Year: 2015/16
  • Eburru Project - 25 MW - Completion Year: 2016
  • Olkaria V - 140 MW - Completion Year: 2016/17
  • Olkaria VI - 140 MW - Completion Year: 2016/17
  • Olkaria VII - 140 MW - Completion Year: 2018
  • Olkaria VIII - 140 MW - Completion Year: 2018

Wind[edit]

  • Ngong wind I Phase II - 6.8 MW - Completion Year: 2014
  • Ngong' wind II project - 13.6 MW - Completion Year: 2014
  • Meru wind project(Phase I) - 100 MW - Completion Year: 2016

Thermal[edit]

  • Kilifi coal plant 700MW - Completion Year: 2016/17

Hydroelectric[edit]

  • Karura Hydro Power - 90MW Completion Year: 2018

See also[edit]

Lists[edit]

References[edit]

  1. ^ a b c d e f g "KenGen 2013 Annual Report". Kenya Electricity Generating Company. June 30, 2013. Retrieved October 14, 2013. 
  2. ^ KenGen thermal power stations
  3. ^ KenGen wind farm
  4. ^ a b "An offer for sale by KenGen for a 10 year Public Infrastructure Bond Offer". Kenya Electricity Generating Company. August 28, 2009. Retrieved October 14, 2014. 
  5. ^ Mogusu, Tom (April 29, 2006). "Kenya: Kengen IPO Nets Over Sh26 Billion". All Africa. The East African Standard. Retrieved October 14, 2014.