Kenya Electricity Generating Company PLC ( KenGen) has emerged East Africa’s Best Sustainable Power Producer in the 2018 Capital Finance International Awards (CFI.co Awards).
KenGen, Kenya’s largest power producer accounting for 69% of the country’s power, was given the award for its continued, and deliberate focus on renewable energy – which accounts for 84% of the company’s power sources.
KenGen was also awarded the top honour for its sustained effort, through the KenGen Foundation, to implement its Corporate Social Responsibility (CSR) activities that impact on communities that live around its power installations and projects.
“We are pleased to have been granted the East Africa’s Best Sustainable Power Producer award by the Capital Finance International as it recognizes the tremendous strides we have made as an organization to enhance renewable energy sources for the country. It also recognizes the deliberate efforts we have taken to implement our Good to Great strategy and also ensuring sustainability of the company from one generation to another.” said KenGen Managing Director and CEO, Rebecca Miano.
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At the same time, Mrs. Miano said the award recognised KenGen’s sustainability efforts in energy generation which she said was focused on geothermal generation, an energy source that is not only renewable but also sustainable and not affected by weather.
The Managing Director said KenGen continues to adopt best practice in running its business including embracing emerging capital finance innovations to fund its projects.
On its part, the Capital Finance International commended KenGen for its efforts to drive Kenya’s renewable energy path, and for its responsible corporate citizenry especially its robust, impactful, and sustainable CSR projects.
“The CFI.co judging panel gives KenGen top marks for its good corporate citizenship and congratulates Kenya Electricity Generating Company on its 2018 award win for Best Sustainable Power Producer (East Africa),” said Lucinda Cherryson, the Awards Liaison Officer in the awards Judge’s report.
The Award comes at a time KenGen is finalizing the development of the 165.4MW Olkaria V Geothermal Project, which is due for commissioning in July this year, bringing to 699.4MW the total installed Geothermal energy capacity by KenGen.
Currently, KenGen’s energy generation mix comprises of 818MW of hydro energy; 534MW of geothermal energy; 253.5MW of thermal energy and 25.5MW of wind power energy.