KenGen risks losing Olkaria wells over 18-year licence blunder
Auditor-General report has revealed that the Ministry of Energy and Petroleum mis-recorded the coordinates on the geothermal licence it issued to KenGen in 2008.
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KenGen Co.
KEGN
Data as of Oct 14, 2026
KES 10.85
-0.10 Today
-0.91%
In The News
KenGen Wins Public Service Organization of the Year Award 2026
KenGen (Kenya Electricity Generating Company) Plc has been named Public Service Organisation of the Year at the Kenya Quality Awards (KQA) 2026, the state-owned enterprise distinguishing itself as a benchmark for quality, efficiency and excellence in the public service. The award was presented during the KQA 2026 gala at the Argyle Grand Hotel, Nairobi. The […]
Court upholds fresh verification of KenGen equipment tender
KenGen defended its evaluation but did not oppose the additional checks. Its Accounting Officer said the exercise was neither onerous nor prejudicial because the documents’ authenticity and...
KenGen 2026 Net Profit Drops 1.2% to KSh10.4Billion On Huge Capital Deployment
KenGen (Kenya Electricity Generating Company) Plc reported a net profit of KSh 10.35 billion for the financial year ended 30th June 2026, a 1.2% drop from KSh 10.3 billion in 2025. The listed power generator also saw its balance sheet shrink slightly to KSh500.1 billion, a 1.1% decline from KSh 505.6 billion in 2025. Finance […]
KenGen Buys TWO Properties from its Staff Pension Scheme
KenGen (Kenya Electricity Generating Company) has acquired the eight-storey Pension Plaza 1 and 12-storey Pension Plaza 2 on Kolobot Road from its staff pension scheme. The Sh1.92 billion transaction lowers the fund’s property exposure from 42.4% to 20.39%, aligning it with Retirement Benefits Authority limits while unlocking cash to pay retirees. The deal helps the […]
KenGen purchases staff pension scheme plazas for Sh1.9bn
This has helped the pension fund to meet prescribed investment thresholds.
KenGen Targets 5,500MW Energy Pipeline by 2032
KenGen(Kenya Electricity Generating Company), has strategically recalibrated its long-term growth ambitions, expanding its renewable energy development pipeline to 5,500MW from the 1,500MW target set under its 10-year G2G 2034 Corporate Strategy. This follows significant changes in the operating environment and emerging investment opportunities. The announcement was made recently when KenGen launched its inaugural Sustainability Report. […]
KenGen Targets 5,500MW Energy Pipeline by 2034
KenGen(Kenya Electricity Generating Company), has strategically recalibrated its long-term growth ambitions, expanding its renewable energy development pipeline to 5,500MW from the 1,500MW target set under its 10-year G2G 2034 Corporate Strategy. This follows significant changes in the operating environment and emerging investment opportunities. The announcement was made recently when KenGen launched its inaugural Sustainability Report. […]
KenGen plans to triple renewable energy production
KenGen’s current 1,786 megawatts of capacity comprises 826 megawatts from hydropower, 754 megawatts from geothermal, 180 megawatts from thermal plants, and 26 megawatts from wind.
KenGen Plc: Looking Beyond the Headline Numbers
KenGen Plc (Kenya Electricity Generation Company) released its 2025/26 financial results showing a 20% decline in net profits to KSh 4.22 billion. KenGen’s share price then came under pressure. At first glance, this reaction appeared justified: net profit had declined while no interim dividend was declared. Many retail investors interpreted this as a deterioration in […]
KenGen Turns to Canada to Advance Nuclear Energy Ambitions | The Kenyan Wallstreet
Kenya has stepped up preparations for its first nuclear power plant after officials from KenGen spent a week studying Canada’s nuclear industry.
KenGen, KPA cut State-guaranteed loans by Sh12bn
The loan repayments by KenGen and KPA come in a year when Treasury did not allocate cash to pay guaranteed debt, exposing Kenya Airways, which has in the past relied on the State’s support to pay...
KenGen Seeks Nod from EPRA to Supply Power to its Green Energy Park
KenGen is seeking approval from Energy and Petroleum Regulatory Authority(EPRA) to transmit and distribute electricity within its own Olkaria Green Energy Park. The Green Energy Park is KenGen flagship platform for attracting and nurturing future-focused industries powered by 100% renewable geothermal energy. Designed to give investors unmatched energy security, cost efficiency, and a sustainability advantage, […]
KenGen to directly sell power to industries in Olkaria green park
KenGen is betting on direct sale of electricity at prices lower than the retail tariff, as one of the incentives to attract investors at its Green Energy Park, where 8,292 acres are up for grabs.
Donor funding row freezes KenGen’s Sh32bn project
The 80.3-megawatt power plant in Naivasha’s Olkaria field project was designed to expand the country’s renewable energy capacity and strengthen power supply. ...
KenGen Plc to Hold Virtual EGM to Elect Independent Directors
KenGen Plc, the world’s 7th largest geothermal power producer, has convened and will hold an Extraordinary General Meeting(EGM) April 30th 2026. Shareholders will be able to register and follow meeting, vote electronically, ask questions in advance before the EGM. The meeting will elect 4 Independent Directors (Class B) and two Independent Directors (Class A)from among […]
KenGen Signs Deal for Steel Plant at Olkaria Green Energy Park
Kenya Electricity Generating Company (KenGen) has signed a new investment agreement with Synergetic Development Group to set up a steel logistics and fabrication facility at its Green Energy Park in Olkaria, Naivasha. The agreement was sealed during the WRC Safari Rally 2026 at KenGen’s geothermal stage in Olkaria, where company officials said the move marks […]
Steel fabricator to set up shop at KenGen’s green energy park
The green park will supply investors with reliable and cheap geothermal power from the surrounding plants, owned by KenGen and thus resolving one of the major headaches that has faced investor...
KenGen exits signal end of crony appointments
The KenGen board changes are the first real demonstration that the GOE Act can displace politically appointed directors and replace them with a merit-based governance framework.
KenGen Drops Agoi in Major Restructuring of its Board of Directors
KenGen (Kenya Electricity Generating Company) has reorganised its Board that has seen two former politicians and one technocrat, who were independent Non-Executive Directors, step down effective March 3rd 2026. Hon Alfred Agoi Masadia, Chairman of KenGen Board of Directors, Rehema Hassan and CPA Bernard Ngugi, all stepped down to make way for the revised KenGen […]
KenGen Cuts Board by a Third in GOE 2025 Act Overhaul | The Kenyan Wallstreet
KenGen shrinks its board from 14 to 9, becoming the first state firm to restructure under Kenya's Government Owned Enterprises Act 2025
KenGen-backed Sh107bn fertiliser factory set to sell carbon credits
The disclosure comes at a time when Koko Networks shut down after disagreeing with the Kenyan government on the limit of the carbon credits the clean energy startup would sell in t ...
KenGen Half-Year Profit Drop. What You Need to Know
KenGen(Kenya Electricity Generating Company) a listed electricity generating company, has its cash engine is still holding up even as tax resets drag its half-year earnings, which fell 20% to KSh 4.22billion. This is despite KenGen revenues rising 9.4% to KSh 30.09billion. KenGen Kenya had KSh14.0 billion in operational cash in the first half of 2026 […]
KenGen Makes Radical Changes to its Governance Structures
KenGen (Kenya Electricity Generation Company) has received approval from shareholders to recalibrate its governance structure while retaining the state’s control. At an extraordinary General Meeting(EGM) held on February 12th, the listed firm resolved to strengthen its board independence, enhance transparency and reinforce minority shareholder protection. KenGen becomes the first state-owned enterprise to make changes to […]
KenGen to add 253 megawatts of power as consumer demand surges
KenGen is now looking at increasing its production capacity through the acceleration of various projects to ensure it meets the growing electricity demand. ...
Kengen half year profit drops 20% to Sh4.2B
Kengen has reported a 20 per cent drop in net profit to Sh4.2 billion for the half year period to December 31, 2025 due to lower finance income and higher income tax expense.
KenGen H1 2025/2026 Net Profit Falls 20% Despite 9.4% Revenue Growth
KenGen PLC (NSE:$KEGN) recorded a 20% decline in after-tax profit to KES 4
KenGen H1 Profit Drops 20% Despite Higher Sales | The Kenyan Wallstreet
KenGen’s half-year profit fell to KSh 4.22bn as tax and reimbursable costs rose, even with revenue up 9.4% to KSh 30.09bn and higher geothermal dispatch.
KenGen to Overhaul its Board of Directors as New Law Takes Effect
KenGen (Kenya Electricity Generating Company) is set to hold an Extraordinary General Meeting on February 12th 2026, to seek approval from shareholders for the listed firm to amend sections of its corporate governance statutes. The listed firm becomes one of the first state-owned enterprises to enhance compliance with the new Government Enterprises Act 2025, signed […]
State now seeks to tighten control of KenGen’s board
The planned changes will be introduced through amendment to its Articles of Association to give the State superior class of shares that guarantee it a majority of board seats and control over the...
KenGen Calls EGM to Push Governance Reforms at SOEs | The Kenyan Wallstreet
KenGen has called a February EGM to seek shareholder approval for board and governance reforms, signalling a broader restructuring push at listed SOE firms.
KenGen ordered to respond to losing bidder in Sh2.5bn carbon credits tender
The procurement watchdog faults KenGen for failing to address concerns raised during a due diligence.
KenGen to Upgrade Masinga Dam, its Largest Hydro Power Plant
KenGen(Kenya Electricity Generating Company) plans to raise the Masinga Dam’s spillway by 1.5m, increasing the reservoir storage by 170hm3. Masinga Dam is the main component of the Seven Forks Dam infrastructure. This undertaking comes after the power generating firm saw its capital projects frozen by parliament for close to 8 years. Its expansion and upgrade […]
KenGen to Pay Government KSh 4.2 Billion As Dividends
KenGen (Kenya Electricity Generating Company PLC) shareholders approved a first and final dividend of KSh 0.90 per share at its recently held 73rd Annual General Meeting(AGM) in Nairobi. This is an increase from a dividend of KSh 0.65 per share paid out in 2024. The biggest beneficiaries of the dividend payments include Government of Kenya […]
KenGen, Kenya Power in new deal for Muhoroni thermal plant
The deal will see the expensive thermal power plant continue supplying electricity to the grid for at least a year.
KenGen to Own and Operate Kenya’s First Nuclear Plant Targeting 2GW Capacity
The Kenya Electricity Generating Company (KenGen) (NSE: KEGN) was on 1st December 2025, officially named as the owner and operator of Kenya’s first nuclear power plant
KenGen Tasked To Lead, Operationalize First Nuclear Plant | The Kenyan Wallstreet
Kenya has assigned the KenGen to operate the country’s first nuclear power plant, accelerating its ambitious plan to add up to 10 GW of electricity.
KenGen Tapped to Run Kenya’s First Nuclear Power Plant
Kenya Electricity Generating Company (KenGen) has been named the organisation that will own and operate Kenya’s first nuclear power plant, placing the country’s main power producer at the centre of a major shift in the national energy mix. The decision positions KenGen to lead Kenya into its next phase of electricity expansion as demand rises […]
KenGen Under Scrutiny Over Hiring and 5.3bn Asset Transfer | The Kenyan Wallstreet
Parliament questioned KenGen over non-advertised engineer recruitment and delays in transferring a KSh5.3bn Olkaria substation asset to KETRACO.
KenGen Declares Highest Dividend After 54% Profit Surge | The Kenyan Wallstreet
KenGen profit rose 54% to 10.48 Bn in FY2025 on cost savings and forex gains, declaring a 0.90 dividend—its joint-highest since listing.
KenGen gets nod on mega carbon credits tender
Carbon credits, also known as carbon offsets, are permits that allow owners to emit a certain amount of carbon dioxide or other greenhouse gases. ...
KenGen Publishes Clarification Regarding Its FY25 Results
KenGen published a notice to shareholders and stakeholders regarding clarification on the publication of audited financial results for the financial
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