KenGen Powering East Africa’s Clean Energy Future

Kenya Electricity Generating Company PLC (KenGen) stands as East Africa’s leading power producer, entrusted with the mandate to develop, manage and operate the power plants that underpin Kenya’s economic and social life. The company’s vision is to be the market leader in the provision of renewable energy solutions, anchoring national development in sustainability, resilience and long-term value creation.

As a geothermal trailblazer, KenGen has positioned Kenya as Africa’s number one and the world’s seventh largest geothermal producer. With 984 MW of installed geothermal capacity, of which 81 percent is operated by KenGen, the company sits at the forefront of global clean energy innovation, transforming the country’s vast underground heat resources into dependable baseload power.

KenGen’s growth story is also one of trust, transparency and capital market leadership. In 2006, the company reshaped Kenya’s financial landscape through a landmark Initial Public Offer on the Nairobi Securities Exchange. This was followed in 2009 by the country’s first corporate Public Infrastructure Bond, raising KShs 25bn, and a decade later by a KShs 28bn rights issue that reaffirmed strong shareholder confidence in the company’s long-term strategy and governance.

Today, KenGen operates a robust installed capacity of 1,786 MW and commands approximately 54 percent of Kenya’s electricity market. Its diversified power mix, comprising hydro at 826 MW, geothermal at 754 MW, thermal at 180 MW and wind at 26 MW, reflects a careful balance between legacy assets and forward-looking investment in renewable technologies.

Looking ahead, KenGen is pursuing an ambitious diversification agenda under its G2G 2034 Strategy, designed to transform the company beyond its traditional role as an electricity generator. The strategy focuses on expanding into non-electricity generating business lines to enhance revenue streams, strengthen resilience and support long-term sustainability.

A flagship pillar of this agenda is the KenGen Green Energy Park, a purpose-built industrial park located within the company’s geothermal generation fields. Anchored on one hundred percent clean, reliable and sustainable energy, the park is designed to attract industries, technology firms and strategic partners seeking operations powered entirely by renewable resources. Drawing on Kenya’s geothermal strength, alongside hydro, wind and solar, the Green Energy Park is envisioned as a centre for innovation, skills development and the demonstration of advanced energy solutions, supporting value addition, industrialisation and regional economic growth. Through this initiative, KenGen is cultivating an enabling ecosystem that accelerates the energy transition while promoting inclusive development.

Complementing this effort, the company is leveraging its technical expertise and strategic partnerships to establish new ventures in energy consultancy, e-mobility, carbon trading and geothermal direct-use applications. The objective is for non-electricity generating activities to contribute 20 percent of total revenues, positioning KenGen as a holistic energy solutions provider rather than solely a power producer.

KenGen’s leadership in sustainability is underscored by a series of pioneering milestones. It was the first Kenyan company to earn Carbon Asset funds under the Clean Development Mechanism, demonstrating how climate change mitigation can be aligned with commercial performance. The company has also commissioned Africa’s first and largest Geothermal Spa at Olkaria, an in-house innovation that showcases the use of geothermal resources beyond electricity generation, while promoting eco-tourism and wellness.

Together, these initiatives reflect a company redefining the role of a national power utility, combining clean energy leadership with financial discipline, innovation and a clear commitment to sustainable development across the region.