Written By Vanessa Kariuki |
Kenya Electricity Generating Company PLC (KenGenKenya) has paid KSh. 1.38 billion in dividends to the National Treasury for the government shares in the company for the fiscal year that ended in June 2021.
At a ceremony conducted at the National Treasury Building today, the distribution cheque was presented to PS Chris Kiptoo of the National Treasury and Economic Planning on behalf of CS Prof. Njuguna Ndung’u.
The dividend payment serves as further evidence of KenGen’sstrong historical growth and stability, which are based on its geothermal-led strategy and revenue diversification.
With a market share of more than 60% in installed generation capacity, Kenya Electricity Generating business PLC, or KenGen, is the top electricity generation business in Eastern Africa.
The main objective of the corporation is to generate value for its stakeholders while providing the nation with safe, dependable, and competitively priced electric energy in a sustainable and ecologically friendly manner.
