Kenya: KenGen to Launch Subsidiary to Oversee Non-Electricity Generating Business

KenGen eyes more revenues with new subsidiary (The Standard)

Rebecca Miano, OGW,
Managing Director & CEO

Power producer KenGen says it is awaiting regulatory approvals to launch a subsidiary that will oversee its non-electricity generating business.

The subsidiary, named KenGen Energy Services (KES), will handle diversified business segments that will be hived off from KenGen, leaving the mother company to handle power production and sales.

KenGen has in the recent past diversified its revenue streams to include the sale of geothermal steam to flower firms in Naivasha, drilling geothermal wells for other firms, running its geothermal spa in Olkaria and a planned industrial park. It is also offering energy consultancy services to power sector players in the country and the region.

Chief Executive Rebecca Miano said in an interview the subsidiary would also explore other revenue streams as the firm looks to grow revenues while reducing reliance on energy generation.

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