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Highlights from KenGen’s 68th AGM

Highlights from KenGen’s 68th AGM
Over 23,000 shareholders signed up for the AGM which was held virtually.

Today, KenGen held its 68th AGM and the second virtual AGM in the history of the company. Over 26,000 shareholders registered to attend the virtual event.

KenGen will continue implementing its Good 2 Great strategy to ensure sustainable power growth in the country, while leveraging on innovations and partnerships for continued business sustainability.

Here are highlights from Kenya Electricity Generating Company PLC (KenGen’s) verified twitter account.

Other Kenyans on twitter joined KenGen in sharing the prosperity and growth seen and recorded indepth as per the recently released at the 68th annual general meeting.

KenGen is pleased to have delivered positive results amidst a challenging business environment as portrait by KenGen Chairman, General (Rtd) Samson Mwathethe.

KenGen AGM
courtesy image from the AGM2020

https://twitter.com/DriveMarketer/status/1385152049470394368?s=20

Apart from leveraging on its specialization in Energy generation, KenGen is keen to continue implementing its revamped corporate strategy, that remains critical in powering other sectors of the economy such as health, agriculture& Industrialization.

Did you know, geothermal generation will help the country achieve its commitment of reducing greenhouse gas emission by 30% by the year 2030, while providing the much-needed electric energy for the attainment of the vision 2030 goals?

“Our Corporate Governance framework continues to encompass KenGen’s strategic and operational objectives with a focus to accelerate growth and increase stakeholder value,” KenGen posted. 

In the period ended june 2020, KenGen reported a total assets growth by 3% from Shs 401,422 million to Shs 412,927 million. This is mainly attributed to investments in Olkaria, rehabilitation of Kamburu power plant and drilling of additional wells.

Renewable energy is marked as the foundation for global economic growth during & post the pandemic. KenGenKenya has over the past year contributed nationally and regionally towards development of green projects to spur green African economies.

In 2020, KenGen_Foundatn made a contribution of Kshs. 20 Million to the National COVID-19 Fund to assist in the country’s efforts in the fight against the corona virus pandemic.

The economy is expected to rebound strongly in 2021, given the country’s vibrant private sector, stronger agricultural output on account of favourable weather patterns, and the recent CBK’s targeted policy response measures.

KenGen is committed to attaining excellence in its operations for generations to generations. The plan is to continue aligning its projects to the Government’s Big 4 agenda, the country’s Vision 2030, industrialization goals & medium-term development plans.

In line with our diversification agenda, KenGen is using its in-house expertise and experience to enable other African countries to exploit their geothermal resource, thereby creating more value for our stakeholders.

Follow more highlights on #KenGenAGM2020 and #SustainableKenGen