NAIROBI Kenya Jun 29  – Kenya Electricity Generating Company, (KenGen), has strategically recalibrated its long-term growth ambitions, expanding its renewable energy development pipeline to 5,500MW from the 1,500MW target set under its 10-year G2G 2034 Corporate Strategy, following significant changes in the operating environment and emerging investment opportunities.

📻 Breaking It Down

The announcement was made today during the launch of the Company’s inaugural Sustainability Report, which documents KenGen’s environmental, social and governance (ESG) performance for the 2024/25 financial year while outlining the Company’s enhanced vision for accelerating Kenya’s clean energy transition.

The strategic recalibration reflects new sources including planned 2GW from nuclear, over 700MW from hydro, increased geothermal resource opportunities, evolving national energy priorities, growing investor confidence in renewable energy and rising regional demand for clean power, positioning KenGen to play an even greater role in Kenya’s ambition of becoming a regional green energy hub.

While making his remarks during the launch, State Department for Energy PS. Alex Wachira commended KenGen for developing an ecosystem where investors can access competitively priced renewable energy, geothermal steam, serviced industrial land and the infrastructure needed to establish sustainable industries.

📌 What You Need to Know

“This is a practical demonstration of how energy can move beyond powering homes to powering factories, creating jobs, attracting investment and strengthening Kenya’s manufacturing base,” said Mr. Wachira adding, “for investors seeking a competitive, low-carbon destination to establish or expand their operations, Kenya is ready and Olkaria tells that story better than words ever could.”

The Energy PS went on to say that Government will continue to provide the policy direction and creating an enabling environment for investment working together with other stakeholders.

“Our State Corporations will continue delivering strategic infrastructure, the private sector will continue driving innovation and investment, while our development partners remain valued partners in this journey,” he said.

Speaking during the launch at Karura Forest in Nairobi, KenGen Managing Director Peter Njenga said the Sustainability Report captures a defining moment in the Company’s evolution.

“Our inaugural Sustainability Report is more than a record of our ESG performance; it reflects a company that is responding decisively to a changing energy landscape. As opportunities have expanded, so too has our ambition. We have strategically recalibrated our long-term growth trajectory from 1,500MW to a 5,500MW

renewable energy development pipeline, reaffirming our commitment to powering Kenya’s sustainable economic transformation,” said Njenga.

📰 Source: Capital FM Kenya