News and Events

Nairobi, Wednesday, 12th March 2025: Kenya Electricity Generating Company PLC (KenGen), East Africa’s leading electricity generator, has today announced a record dividend payout totalling Ksh.4.3 billion to its shareholders.

Included in this payout is a disbursement of Ksh.3 billion to the Government of Kenya, the company’s majority shareholder, a move that marks a 117% per-share increase over the previous year and follows a profit after tax of Ksh.6.8 billion for the year ended the 30th of June 2024.

This follows an earlier payout of 30% amounting to approximately Ksh.1.3 billion, which was paid out to the private and institutional shareholders on February 13, 2025.

This announcement was made during a joint press conference at Stima Plaza in Nairobi where KenGen Chairman, Hon. Alfred Agoi and Managing Director and CEO, Eng. Peter Njenga delivered a dummy cheque to the National Treasury and Economic Planning CS. Hon. John Mbadi. The leaders underscored the significance of the dividend as a testament to the NSE-listed power generator’s robust financial performance and its strategic alignment with national development goals.

“We are immensely proud of KenGen as a model of excellence for the National Treasury. Their stability, cost efficiency, and reliability in energy supply are key indicators of our nation’s economic performance, and KenGen stands at the heart of our energy value chain. We value your work for the economic survival of our country and will continue to support new projects with funding from development partners,” said CS. Mbadi.

For his part, State Department for Energy PS. Alex Wachira said: “KenGen is well run, consistently delivering profit year after year. Moving forward, our focus will be on supporting new projects in geothermal, hydro, solar, and wind through backing from the National Treasury to help access funds from development partners.”

KenGen Chairman Agoi reiterated that the achievement resulted from sustained efforts to boost electricity generation, enhance operational efficiencies, and execute prudent financial management. “Our dividend payout is not merely a financial milestone but a clear reflection of effective policy collaborations and our commitment to Kenya’s growth,” said Hon Agoi.

CEO, Eng. Njenga echoed these sentiments, adding, “Our performance demonstrates our ability to balance immediate shareholder returns with long-term investments in Kenya’s energy future. This dividend is a tangible affirmation of our strategic focus, which has optimised our operations and reinforced our leadership in the power generation sector.”

He highlighted that the company’s performance had benefited significantly from supportive public policies, robust partnerships, and a regulatory framework designed to foster sustainable development.

Both executives pointed to the critical role of strategic investments and policy synergy in driving KenGen’s success. They noted that the company’s ongoing investments in operational excellence and innovation are set to enhance energy security further and stimulate economic progress across the nation.

During the formal cheque handover ceremony, Hon. Mbadi commended the Ministry of Energy and Petroleum and KenGen for a rare occasion where the government receives money from local agencies.

The substantial increase in dividend payout is expected to boost investor confidence in KenGen shares. It reaffirms the company's position as one of the top dividend-paying stocks on the Nairobi Securities Exchange. The Government of Kenya owns a 70% stake in the NSE-listed company, while private investors own 30%.

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Note to Editor:

About KenGen

Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in the Eastern Africa region, with an installed generation capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.

Today, KenGen PLC has an installed generation capacity of 1,785MW, of which over 93% is drawn from green sources, namely Hydro (826MW), Geothermal (754MW), and Wind (25.5MW). The balance is from Thermal.

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Nairobi, Friday, March 7, 2025: Kenya Electricity Generating Company PLC (KenGen) has been recognized for its leadership in digital transformation, winning the Best Public Sector Digital Innovation in Energy & ICT Award at the 2025 Digital Transformation Public Sector Awards (DTPS).

The accolade honors KenGen’s groundbreaking project that integrates Internet of Things (IoT) technologies to optimize operations and maintenance (O&M) in geothermal power plants. The awards come as the NSE-listed company forges ahead with its ambitious G2G 10-year strategy, aimed at transforming operations and scaling renewable energy capacity, leveraging on technology.

The award was received by Mr. Ahmed Isaack, KenGen’s General Manager, ICT, in the presence of Cabinet Secretary for ICT & Digital Economy, Hon. William Kabogo, and Principal Secretary Eng. John Tanui, along with top executives from Kenya’s public and private sectors. The forum brought together over 400 government and technology leaders to discuss advancements in digital transformation.

Speaking at the event, Ahmed Isaack emphasized the significance of KenGen’s IoT-driven initiative in enhancing the efficiency and sustainability of geothermal energy production.

“This award is a testament to KenGen’s commitment to digital transformation and innovation. By integrating IoT technology into our geothermal power plants, we are revolutionizing operations and maintenance, improving predictive maintenance, reducing downtime, and ensuring greater efficiency in power generation. This is a game-changer for sustainable energy,” Isaack said.

The winning project deploys smart sensors and real-time data analytics to enhance monitoring and predictive maintenance across KenGen’s geothermal plants. By leveraging IoT, KenGen has significantly improved operational efficiency while ensuring cost-effectiveness and environmental sustainability.

During a panel session on “Strengthening Data Security and Privacy in the Public Sector,” Isaack also addressed the evolving challenges of cybersecurity in the energy sector, noting that critical infrastructure is frequently targeted by cyber threats.

“Cybersecurity is a process, not a product. Energy infrastructure remains a prime target, and attackers often exploit human vulnerabilities as entry points. At KenGen, we have a fully-fledged Information Security framework that continuously deploys and updates cybersecurity initiatives to protect both enterprise technology and plant control systems. It’s a delicate balance between efficiency and security, reinforced by constant awareness and upskilling through ICT clinics, email tips, and our KenGen Weekly Magazine,” he said.

Isaack credited KenGen’s Board and Executive Committee (ExCO) for their unwavering commitment to digital transformation, ensuring that ICT remains central to the company’s long-term strategy.

The annual awards aim to recognize public sector organizations that have consistently utilized technology to improve their operations and service delivery to Kenyan citizens, with particular emphasis on effectiveness, efficiency, transparency, and enhanced service delivery. This achievement underscores KenGen's position as a leader in technological innovation within Kenya's energy sector and reinforces the company's dedication to digital transformation as a key pillar of its strategic growth.

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Note to Editor:

About KenGen

primary business is to provide safe, reliable, and competitively priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.