KenGen showcases Kenya’s geothermal potential to investors

MATHEW CHEPKEWEL-(MYGOV)

Over 300 people toured the Olkaria geothermal site during the 10th commemoration of the Kenya Electricity Generating Company PLC (KenGen) annual shareholders’ tour. 

The tour provided a rare, behind-the-scenes look at one of Africa’s most powerful geothermal energy operations. KenGen showcased how it is harnessing natural resources to power Kenya while steadily expanding its portfolio of sustainable energy sources. 

Launched in 2011, Ken Gen’s annual shareholders’ tour aims to deepen investor understanding of the company’s renewable energy strategy and highlight the critical role shareholders play in shaping Kenya’s energy future. 

Olkaria, often hailed as the “Home of Geothermal in Africa,” produces 754 MW of clean energy, underscoring Kenya’s capacity to leverage geothermal power for sustainable growth. 

With an estimated geothermal potential of 10,000 MW, the site represents a cornerstone of KenGen’s renewable energy ambitions. 

KenGen Board Chair man Eng. Frank Konuche emphasized the company’s commitment to driving value for shareholders while contributing to a green energy future.

“This tour offers our shareholders a tangible view of their in vestment’s impact,” he stated. 

“Our focus on geothermal, hydro, wind, and solar reflects an un wavering commitment to sustainability and long term growth for both our investors and the commu nities we serve,” Konuche added.

Beyond the tour, share holders were presented with KenGen’s financial highlights and strategic projects designed to ensure future profitability and market leadership. 

The company recently reported a 35 per cent profit increase, driven by robust revenue from its geothermal and hydroelectric power plants. 

“In a challenging eco nomic climate, our operational efficiency and disciplined approach to cost management have sustained our growth trajectory,” said KenGen Managing Director and Chief Executive Officer, Eng. Peter Njenga. 

He pointed to KenGen’s stable operating profit of Sh9.6 billion. 

The CEO appraised shareholders about KenGen’s pipeline and the rehabilitation of the Olkaria I plant to enhance capacity, development of the 100 MW Marsabit Wind Project, and the construction of a 42.5 MW solar array at the Seven Forks Dams.