NAIROBI, Kenya – Kenya Electricity Generating Company PLC (KenGen) invested KSh 15.5 billion in power infrastructure in the first half of 2026 to meet Kenya’s growing electricity demand.
Speaking during the Annual General Meeting (AGM) on Thursday, October 29, KenGen Managing Director Eng. Peter Njenga said the company also supplied 8,975 gigawatt hours to the national grid during the same period under review.
“Kenya’s growing economy needs dependable electricity, and to date the peak demand is 2,549MW. Our investment is focused on keeping existing plants reliable while developing the generation capacity needed to support businesses, households and future growth,” said Njenga during a press briefing attended by News9.africa.
According to Eng. Njenga, KenGen undertakes the investment to improve plant reliability, develop additional generation and expand the commercial use of geothermal resources through industrial investment at Olkaria, Naivasha.
KenGen dividends
The company paid out a dividend to shareholders at KSh 0.75 per share for the financial year ended June 30, 2026.
KenGen Board Chairman Eng. Frank Konuche revealed that the payment for the dividend is expected on or about January 21, 2027.
“We recognise the importance of dividends to our shareholders. We also have to invest in the assets that will generate future earnings. Balancing shareholder returns, investment and debt reduction is essential to the long-term strength of the business,” said Konuche.
The company registered a revenue growth of 6.4% to KSh 59.7 billion, and operating profit growth of 4.1% to KSh 14.2 billion.
Profit after tax declined 1.2% to KSh 10.35bn, while borrowings fell by KSh 12.2 billion to KSh 97.1 billion.
The company also announced a major shift in its management, with Ronoh Kibet Charles, currently General Manager for Commercial Services, set to succeed Eng. Njenga as Managing Director and CEO on February 1, 2027.
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