Kenya Electricity Generating Company

Kenya Electricity Generating Company
KenGen
Public company
Traded as KN: KEGN
Industry Electric power
Founded 1 February 1954 (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

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 OwnerPercentage Ownership
1 Government of Kenya 70.00
2 Others 30.00
Total100.00

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

Hydroelectric

Geothermal

Wind

Future projects

Geothermal

Wind

Thermal

Hydroelectric

Lists

References

  1. 1 2 "KenGen 2013 Annual Report" (PDF). Kenya Electricity Generating Company. June 30, 2013. Retrieved October 14, 2013.
  2. 1 2 "Image: installed_elec_capacity_nov2014.jpg, (2339 × 1654 px)". erc.go.ke. Retrieved September 5, 2015.
  3. 1 2 ": : Kengen : :". kengen.co.ke. Retrieved 5 September 2015.
This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.