- Electricity demand grew by 4.5% in 2021, driven by business activity across the several sectors of the Kenyan economy
- Data from Kenya Electricity Generating Company (KenGen) shows that over 92% of the electricity consumed this year was from renewable sources
- Shareholders of the company approved a recommendation by the KenGen Board to pay about 200,000 shareholders a total of KSh 1.98 billion in dividends for the year ended June 30, 2021
Kenya’s demand for electricity grew at an average rate of 4.5% year-on-year, driven by high business activity as the country recovers from the effects of the global COVID-19 pandemic.
According to Kenya Electricity Generating Company (KenGen), Kenya has scaled up renewable sources.
The company’s chairperson of the board Samson Mwathethe noted that the move further boosts the country’s standing in the fight against climate change.
Demand for power hits record
Mwathethe noted that Kenya’s peak demand for electricity had grown to a historic high of 2,036MW in November this year, adding that more than 92% of the electricity consumption was from renewables.
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Mwathethe noted that the focus is now on accelerating the deployment of additional capacity to boost Kenya’s renewable and clean energy reserves.
“Our capacity addition program is well aligned to the Government’s Big 4 Agenda and the country’s Kenya Vision 2030’s industrialisation goals and medium-term development plans. This is critical in ensuring that we support the Government’s plan towards the provision of universal access to electricity to all in Kenya,” he said.
The company is preparing to add another 83MW to the national grid in the first quarter of 2022 once the Olkaria I, Unit 6 geothermal power plant, is commissioned.
The chair said the company was pleased to have delivered positive results amidst the challenging times.
Shareholders approve dividend payout
He spoke during the company’s 16th Annual General Meeting, where shareholders approved a recommendation by the KenGen Board to pay about 200,000 shareholders a total of KSh 1.98 billion in dividends for the year ended June 30, 2021.