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KenGen Profits Jump 133% To 18 Billion Shillings

KenGen Profits Jump 133% To 18 Billion Shillings By Juma / Published January 28, 2021 | 2:44 pm KEY POINTS KenGen received a tax credit of 4.59 billion shillings from the Kenya Revenue Authority (KRA). The Kenya Electricity Generating Company (KenGen) has registered a whopping 133 percent jump in profits to end the last financial year at 18.3 billion shillings in the just-released results attributed to increased output of cheaper geothermal and tax savings. “KenGen recorded a 13.4 percent growth in electricity revenue mainly attributed to the full operationalization of our 165MW (megawatts) of Olkaria V geothermal power plant in November 2019 which boosted geothermal production by 14 percent,” managing director Rebecca Miano said.

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