Thursday, October 15, 2015

Kenya: CEO of KenGen Explains Geothermal-Driven Profits

Interview with Albert Mugo Managing Director & CEO KenGen Ltd (Rich Management)

Kenya Electricity Generating Company (KenGen) has posted a 308 percent rise in its net profit to Sh11.5 billion for the financial year ended June 30, 2015 from Sh2.8 billion in 2014.

The firm attributes the growth in profitability to increased installed capacity, better performance and tax credit from capital allowances following the commissioning of the 280 Megawatts (MW) Geothermal project and wellheads in Olkaria and the Ngong wind project.

(Video: 21:05 Minutes)