AFRICAS ENERGY KINGKenGen, Kenya Electricity Generating Company PLC, plays a significant role in the global energy sector, particularly in promoting renewable energy sources and supporting sustainable development initiatives. Here are some key facts about KenGen's global impact:
1. Leading Geothermal Energy Producer: KenGen is among the world's top 10 geothermal energy producers, harnessing the power of Earth's heat to generate clean and sustainable electricity. With a geothermal capacity of over 799 MW, KenGen contributes significantly to reducing greenhouse gas emissions and promoting environmentally friendly energy solutions.
2. Pioneering Geothermal Development in Africa: KenGen has extensive expertise in geothermal exploration, drilling, and power plant development. The company actively shares its knowledge and expertise with other African countries, providing geothermal drilling consultancy services in Ethiopia and Djibouti, and conducting geoscientific feasibility studies for Rwanda, Comoros, and Malawi.
3. Enhancing Renewable Energy Access: KenGen actively collaborates with international partners to expand renewable energy access across the African continent. The company participates in initiatives such as the Africa Renewable Energy Initiative (AREI) and the Geothermal Risk Mitigation Facility (GRMF) to promote the adoption of renewable energy sources and reduce reliance on fossil fuels.
4. Contributing to Global Energy Transition: KenGen's commitment to renewable energy and sustainable development aligns with the global shift towards a low-carbon economy. The company's efforts to increase its renewable energy capacity and support the development of geothermal projects in Africa contribute to reducing the impact of climate change and promoting a cleaner energy future.
5. Sharing Expertise and Innovation: KenGen actively participates in international conferences and forums, sharing its expertise and experiences in geothermal energy development and renewable energy integration. The company also collaborates with research institutions and universities to promote innovation and technological advancements in the renewable energy sector.
6. KenGen has an installed generation capacity of 1,904 megawatts (MW) and supplies 66% of the East African country's power.
7. KenGen earnings per share rose to 0.76 shillings from 0.51 shillings and recommended a dividend payment of 0.30 shillings a share, from 0.20 shillings in the previous financial year.
8. KenGen share price is heavily undervalued and it is one of the stocks in our portfolio.
The Green Arrows show the days we accumulated KenGen shares.
In summary, KenGen plays a crucial role in the global energy sector by promoting renewable energy sources, supporting sustainable development initiatives, and sharing its expertise with other countries. The company's contributions are essential for a cleaner and more sustainable energy future.
