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Browsing: Electricity in Kenya
- Data from Kenya Electricity Generating Company (KenGen) reveals that demand for electricity in Kenya grew at an average rate of 4.5% in 2021
- KenGen said attributed the growth to high business activity witnessed in the East African country, amid ongoing recovery from the impact of the coronavirus pandemic
- Of the amount, Mwathethe observed that more than 92% of the electricity consumption was from renewables
Kenya Electricity Generating Company (KenGen) has revealed that demand for electricity in Kenya has continued to grow at an average rate of 4.5% year on year in 2021.
The electricity producer said growth was driven by high business activity witnessed in the East African country, amid ongoing recovery from the impact of the coronavirus pandemic.
KenGen also revealed that the country had scaled up use of renewable sources during the year under review, further boosting its standing in the fight against climate change.
The firm’s board …
- 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 …
Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa, urged the project beneficiaries to take advantage of the government’s free electricity supply policy it rolled out in 2018, provided wiring of their premises had been certified.
The Bank’s Country Manager, Augustine Kpehe Ngafuan, noted that besides promoting small and medium businesses, the availability of stable power would bolster service delivery, especially at health centres.…