KenGen Plc Claimed
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KenGen Plc was incorporated on 1 February 1954 under the Companies Act (Chapter 486 of the Laws of Kenya) as Kenya Power Company (KPC) to construct the transmission line between Nairobi and Tororo in Uganda as well as to develop geothermal and other generating facilities in the country. Since its inception, KPC sold electricity in bulk at cost to Kenya Power under a management contract. Following the energy sectoral reforms in 1996, the management of KPC was formally separated from Kenya Power and renamed KenGen in January 1997.
In 2006, KenGen Plc was listed on the Nairobi Securities Exchange after the Government of Kenya sold 30% of its stake in the company through a very successful Initial Public Offer (IPO). KenGen operates in a liberalised power generation environment and sells all electric power generated in bulk to Kenya Power, who then distributes it to consumers.
As at 25th January 2016, the Company had a work force of 2,407 staff with a wealth of experience in various disciplines. This workforce is necessary as the Company seeks to maintain leadership in the electric energy sub-sector in Kenya and Eastern Africa Region. To ensure business success, the Company efficiently generates competitively priced electric energy using state of the art technology, skilled and motivated human resource.
This success is anchored on engrained core values of professionalism, integrity, safety culture and team spirit. The Company is further propelled by the Good-to-Great (G2G) transformation strategy of moving from a “Good Company” to a “Great Company” through the creation of sustainable value from “One Generation” to the “Next Generation”. Under this strategic direction, KenGen has entered a phase of scaling up geothermal development which is evident in the Company’s investment and achievements during this fiscal year.
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