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Kenya Electricity Generating Company

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Kenya Electricity Generating Company
KenGen
Company typePublic company
KN: KEGN
IndustryElectric power
Founded1 February 1954; 70 years ago (1954-02-01)
Headquarters,
Area served
Kenya
Key people
Eng. Albert Mugo - CEO Joshua Choge - Chairman
RevenueKES 17.72 Billion (June 30, 2013)
KES 5.27 Billion (June 30, 2013)
Total assetsKES 188.7 Billion(June 30, 2013)
Total equityKES 74.13 (June 30, 2013)
Number of employees
2,063 (June 30, 2013)[1]
WebsiteKenGen
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

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.[2]

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

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.

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 percent of its stake in the company through a successful initial public offering that received over 280,000 applications.

Ownership

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 70.00
2 Others 30.00
Total 100.00

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;

Thermal

  • 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

Geothermal

Wind

Future projects

Geothermal

  • 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 - 560 MW completion year: 2016/2017
  • Olkaria VI - 140 MW - Completion Year: 2016/17
  • Olkaria VII - 140 MW - Completion Year: 2018
  • Olkaria VIII - 140 MW - Completion Year: 2018

Wind

  • Meru Wind Power Station: Phase I - 100 MW - Completion Year: 2017
  • Meru Wind Power Station: Phase II - 300 MW - Completion Year: 2020

Thermal

Hydroelectric

Lists

References

  1. ^ a b "KenGen 2013 Annual Report" (PDF). Kenya Electricity Generating Company. June 30, 2013. Retrieved October 14, 2013.
  2. ^ a b "Image: installed_elec_capacity_nov2014.jpg, (2339 × 1654 px)". erc.go.ke. Retrieved September 5, 2015.
  3. ^ a b ": : Kengen : :". kengen.co.ke. Retrieved 5 September 2015.