Kenya Electricity Generating Co PLC 2023 IR
The report highlights KenGen's operational and financial performance for the fiscal year ended June 30, 2023. Despite severe drought conditions affecting hydropower generation, the company leveraged its geothermal assets to increase geothermal power generation by 28%, ensuring steady electricity supply without power rationing. KenGen achieved a 14% increase in revenue to KShs 53,964 million and a 48% increase in profit after tax to KShs 5,017 million. The company also advanced its clean energy transition, with 96% of its electricity generated from renewable sources, and continued its regional expansion with geothermal drilling contracts in Ethiopia and Djibouti.
Company: Kenya Electricity Generating Co PLC
Sector: Utilities
Country: Kenya
Year: 2023
Type: IR
Pages: 260
Kenya Electricity Generating Co PLC
Integrated Annual Report And Financial Statements
The report highlights KenGen's operational and financial performance for the fiscal year ended June 30, 2023. Despite severe drought conditions affecting hydropower generation, the company leveraged its geothermal assets to increase geothermal power generation by 28%, ensuring steady electricity supply without power rationing. KenGen achieved a 14% increase in revenue to KShs 53,964 million and a 48% increase in profit after tax to KShs 5,017 million. The company also advanced its clean energy transition, with 96% of its electricity generated from renewable sources, and continued its regional expansion with geothermal drilling contracts in Ethiopia and Djibouti.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Published
Oct 24, 2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board
Net Zero Target
Employees