The Kenya Electricity Generation Company (KenGen) is diversifying its business to selling geothermal steam and commercial drilling services apart from its core business of electricity generation.
The company plans to set up a subsidiary that will oversee its non-core activities that are proving to be critical revenue streams.
The subsidiary will also offer consultancy services for players in geothermal, mining as well as oil in Kenya and the region.
The cost of generation is pushing the company to diversify into other potentially new revenue streams.
KenGen chairman Joshua Choge says the company is setting up a fully owned subsidiary to undertake commercial ventures such as sale of steam which could be used in homes or green house farming.
