Kenya Electricity Generating Company

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Kenya Electricity Generating Company
KenGen
Public company
Traded as KN: KEGN
Industry Electric power
Founded 1 February 1954; 61 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)
KES 5.27 Billion (June 30, 2013)
Total assets KES 188.7 Billion(June 30, 2013)
Total equity KES 74.13 (June 30, 2013)
Number of 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 0.821 GW, which is 52.3 percent of the company’s installed capacity.[2]

The company owns 14 hydropower plants with a combined capacity of 820 MW, five thermal power plants of 256 MW, five geothermal power plants of 493 MW and one Wind power plant of 5.1 MW resulting a total installed capacity of 1,5695 GW.[3]


Presently KenGen owns four geothermal power stations, namely: Olkaria I and Olkaria II, Olkaria I unit 4 and 5, 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 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.

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 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.

Ownership[edit]

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


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 are;

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 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

Lists[edit]

References[edit]