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Power Moves: KenGen Adds An Extra 165MW To National Grid

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Rebecca Miano

REBECCA MIANO: Kenyan lawyer and corporate executive who currently serves as MD and CEO of Kenyan power giant, KenGen

 

 

 

 

 

 

 

 

 

 

 

Over the last few years, replacing thermal power with clean energy has been one of the government’s top-most priorities.

Through power generation firm KenGen, this goal recently received a major boost after it announced that their Olkaria V power plant will be pumping an extra 165 megawatts (MW) into the national grid after official commissioning due next month.

Quite sadly, however, consumers have to wait longer before they can enjoy the benefit of lower power bills.

While addressing a group of journalists in Olkaria after hosting a delegation of Ugandan MPs and officials, Energy Cabinet Secretary Charles Keter said the two units of the plant contributing 165MW are still under trial.

He added that the government is still keen to replace the expensive thermal power with geothermal.

Energy CS Charles Keter (R) when he KenGen officials and a Ugandan delegation on a tour to the new Olkaria V power plant in Naivasha. Also pictured is the firm’s boss Rebecca Miano.

Hinting at plans of constructing the Olkaria VI, Keter said the administration is keen on exploring more geothermal power in Naivasha.

Addressing the press, a clearly impressed Uganda Energy and Mineral Development Minister Mary Kitutu said her country was keen to learn about KenGen’s geothermal energy exploration.

Just a week ago, KenGen announced it had nearly doubled its net profit over the last six months.

The Rebecca Miano-led power producer ended December 31, 2019 boosted by a tax rebate from the construction of a new power plant.

Net profit increased by up to 98% hitting Ksh. 8.17 billion from Ksh. 4.12 billion reported in the similar period of 2018.

This, MD Miano says, was thanks to the capital allowance rising from the completion of a 165MW Olkaria V power plant in November 2019 – which led to a net cash and cash equivalent dip from Ksh. 8.76 billion to Ksh. 5.23 billion.

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