The strategic adjustment takes into account new energy sources, including the planned 2 GW of nuclear generation, more than 700 MW of hydropower, expanding opportunities for using geothermal resources, changing national energy priorities, growing investor confidence in renewable energy sources and increasing regional demand for clean electricity. This will allow KenGen to play an even more significant role in Kenya's quest to become a regional hub of green energy.
During the presentation, Alex Vachira, Chief Secretary of the State Department of Energy, praised KenGen's efforts to create an ecosystem in which investors can access economically profitable renewable energy, geothermal steam, industrial sites with the necessary infrastructure and conditions for sustainable production. «This is a clear indication of how the energy sector can move beyond just powering homes to supporting factories, creating jobs, attracting investment, and strengthening Kenya's manufacturing base», Wachira said.
Peter Njenga, Managing Director and CEO of KenGen, noted that the sustainability report marks a defining moment in the company's evolution. «Our first report is more than just a record of ESG results. It reflects a company that is responding decisively to the changing energy landscape. As opportunities expand, so do our ambitions. We have strategically revised our long-term growth trajectory from 1,500 MW to 5,500 MW», Ndjenga said.
KenGen maintained the level of renewable energy generation at 94.4%, while generating 6.9 million carbon credits. The intensity of carbon emissions was 0.06089 t CO2-eq per MWh, making the company one of the lowest-emission electricity producers in Africa. As part of its environmental responsibility, KenGen has grown 887,220 tree seedlings, exceeding the annual plan by 7%, and restored 850 hectares of degraded land. To date, the company has planted more than four million trees and plans to increase this number to nine million by 2034.
The report also highlights the social impact of the company's activities: 237 students received scholarships through the KenGen Foundation, more than 42,300 households received access to clean water, and local suppliers received 69% of purchase orders worth 10.01 billion Kenyan shillings. In addition, the company has achieved a 100% score in governance and transparency assessments. The report, prepared in accordance with the standards of the Global Reporting Initiative (GRI), the principles of the UN Global Compact and the ESG guidelines of the Nairobi Stock Exchange, lays the foundation for annual sustainability reporting.
Comments (0)