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; 63 years ago (1954-02-01)
Headquarters Nairobi, Kenya
Area served
Kenya
Key people
Joshua Choge
Rebecca Miano
Managing Director and CEO[1]
Revenue KES 25.6 Billion (30 June 2015)
KES 11.52 Billion (30 June 2015)
Total assets KES 188.7 Billion(30 June 2013)
Total equity KES 74.13 (30 June 2013)
Number of employees
2,482 (30 June 2013)[2]
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 80%[2] 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.[3]

The company owns 15 hydropower plants with a combined capacity of 820MW, five thermal power plants of 256MW, five geothermal power plants of 530MW and one Wind power plant at Ngong of 26MW resulting a total installed capacity of 1,632MW.[4]

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

The power stations are Nakuru County 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 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.[5]

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.[5] Subsequently, on 19 January 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.[citation needed]

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.[5] we take pride to monopolising the market of Kenya as we enjoy the profits with our political high class persons.8

Ownership[edit]

KenGen currently has 2,198,361,456 shares. The stock of Kenya Electricity Generating Company is listed on the NSE, where it trades under the symbol: KEGN [4]

Kenya Electricity Generating Company Stock Ownership
Rank Name of Owner Percentage Ownership
1 Government of Kenya 70.00
2 Others 30.00
Total 100.00

List of power stations and installed capacity[edit]

See also List of power stations in Kenya

Current capacity[edit]

The current capacity of KenGen's power stations are;

Thermal[edit]

  • Kipevu I Diesel – 60 MW[6]
  • Kipevu III Diesel – 115 MW[6]
  • Embakasi Gas Turbine – 54 MW[6]
  • Lamu – 2.8 MW[7]
  • Garissa – 6.2 MW[7]

Hydroelectric[edit]

most plants break down due to mismanagement of funds by the management who are money hungry

Geothermal[edit]

Wind[edit]

Future projects[edit]

KenGen plans to more than double its electricity generating capacity to 4,270 megawatts by 2025 at a cost of $8.1 billion.

Geothermal[edit]

  • Olkaria I Unit 6 – 70 MW – Completion Year: 2015/16[18]
  • Eburru Project – 25 MW – Completion Year: 2016[15]
  • Olkaria V – 140 MW completion year: 2018[19]
  • Olkaria VI – 140 MW – Completion Year: 2016/17[18]
  • Olkaria VII – 140 MW – Completion Year: 2018[18]
  • Olkaria VIII – 140 MW – Completion Year: 2018[20]

Wind[edit]

Thermal[edit]

  • Kilifi coal plant 600 MW – Completion Year: 2016/17[6]

Hydroelectric[edit]

Lists[edit]

References[edit]

  1. ^ Otuki, Neville (1 November 2017), "Rebecca Miano confirmed KenGen CEO", Business Daily Africa, Nairobi: Nation Media Group, retrieved 1 November 2017 
  2. ^ a b "KenGen 2013 Annual Report" (PDF). Kenya Electricity Generating Company. 30 June 2013. Archived from the original (PDF) on 24 January 2014. Retrieved 14 October 2013. 
  3. ^ "Image: installed_elec_capacity_nov2014.jpg, (2339 × 1654 px)". erc.go.ke. Retrieved 5 September 2015. 
  4. ^ a b c "Kenya Electricity Generating Company (KenGen) Analysis | Kenyan Wallstreet". kenyanwallstreet.com. Retrieved 11 December 2016. 
  5. ^ a b c "Kenya: enabling private-sector participation in electricity generation" (PDF). Graduate School of Business: University of Cape Town. 
  6. ^ a b c d e f g h Anton Eberhard; Katharine Gratwick; Elvira Morella; Pedro Antmann (11 December 2016). "Independent Power Projects in Sub-Saharan Africa" (PDF). World Bank Group. 
  7. ^ a b "THERMAL POWER PLANT | KENGEN". www.kengen.co.ke. Retrieved 12 December 2016. 
  8. ^ a b c d e f g "HYDRO POWER STATIONS | KENGEN". www.kengen.co.ke. Retrieved 11 December 2016. 
  9. ^ Change, United Nations Framework Convention on Climate. "CDM: Optimisation of Kiambere Hydro Power Project". cdm.unfccc.int. Retrieved 11 December 2016. 
  10. ^ "Kindaruma upgrade enhances power supply – Capital Business". Capital Business. 24 July 2013. Retrieved 11 December 2016. 
  11. ^ Greenwire, Michael Burnham And Nathanial Gronewold Of (10 May 2010). "Droughts Turn Out the Lights in Hydro-Dependent African Nation". The New York Times. ISSN 0362-4331. Retrieved 11 December 2016. 
  12. ^ "Turkwel | KENGEN". www.kengen.co.ke. Retrieved 11 December 2016. 
  13. ^ "PROJECT DESIGN DOCUMENT FORM FOR CDM PROJECT ACTIVITIES (F-CDM-PDD)" (PDF). Retrieved 11 December 2016.  |first1= missing |last1= in Authors list (help)
  14. ^ a b ": : Kengen : :". kengen.co.ke. Retrieved 5 September 2015. 
  15. ^ a b "KenGen bets on Eburru for cheaper geothermal power". The Star, Kenya. Retrieved 11 December 2016. 
  16. ^ "KenGen's Wellhead Technology | KENGEN". www.kengen.co.ke. Retrieved 11 December 2016. 
  17. ^ a b Kenya, Coastweek. "Coastweek – The most from the coast". www.coastweek.com. Retrieved 11 December 2016. 
  18. ^ a b c "KenGen sets ambitious 5-year 580 MW geothermal development target | Think GeoEnergy – Geothermal Energy News". www.thinkgeoenergy.com. Retrieved 11 December 2016. 
  19. ^ "With funding from Japan, KenGen will start 140 MW geothermal development at Olkaria V | Think GeoEnergy – Geothermal Energy News". www.thinkgeoenergy.com. Retrieved 11 December 2016. 
  20. ^ Kagiri, David. "Power Africa Geothermal Road Show" (PDF). Geo-Energy.org. Retrieved 11 December 2016. 
  21. ^ a b "KenGen in 400MW wind power farm plan for Meru". Retrieved 11 December 2016.