Trending
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
Browsing: Electricity and Renewable Energy
- KenGen has reported a 7% rise in its full-year Profit Before Tax to Ksh14.76 billion
- The firm recommended a dividend pay-out of Ksh 0.30 per share, amounting to Ksh.1.98 billion
- The profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy
Kenya Electricity Generating Company PLC (KenGen) has released its full-year Financial Results for the financial year ended 30th June 2021 reporting a 7% Profit Before Tax increase from Ksh13.79 billion to Ksh14.76 billion.
The NSE-listed firm has also recommended a dividend pay-out of Ksh 0.30 per share which amounts to Ksh.1.98 billion to be paid to all its shareholders.
Announcing the results, KenGen Managing Director and CEO, Rebecca Miano said the profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy.
“In spite of the challenging times, KenGen remained strong recording a steady performance …
Egypt and Sudan have signed a deal that will see the capacity of electricity linkage between the two countries raised to 300 megawatts.
The two countries made the decision after signing a contract agreement on Tuesday, March 30.
The contract to raise the capacity and stability of the existing electrical interconnection line between Egypt and Sudan was signed by the Egyptian Electricity Transmission Company and Siemens Energy Company.
Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and Sudanese Ambassador to Cairo Mohamed Elias are among the people who attended the signing ceremony.
According to the contract, the capacity of the linkage will rise from 80 megawatts to 300 megawatts.
In a statement released on Tuesday, the ministry stated that the contract includes the supply and installation of (2) ineffective compensator units (STATECOM) capacity of 2 x + – 150 megafars.
The total value of the contract is 453 million …