Douglas Mwiti 
Kengen Plc board management
- Renewable energy leader supplies 57.2% of Kenya’s electricity,advances new generation projects to support reliable power for households and businesses;
Kenya Electricity Generating Company PLC (KenGen) has reported revenue growth of 6.4% for the financial year ended June 30, 2026,supported by increased electricity sales and improved dispatch across its diversified generation portfolio as Kenya’s peak electricity demand reached an all-time high of 2,549MW.
Revenue rose by 6.4% to Ksh.59.7 billion from Ksh.56.1 billion in the previous financial year, while operating profit increased to Ksh.14.2 billion, up from Ksh.13.6 billion in 2025.
Profit after tax remained broadly stable at Ksh.10.35 billion, compared with Ksh.10.48 billion in 2025, a marginal shift of 1.2%.
This was mainly attributable to a reduction in finance income, from Ksh.4.1 billion to Ksh.2.9 billion, following the strategic deployment of cash resources into capital investments intended to expand and strengthen Kenya’s electricity-generation infrastructure.
“More importantly, it reflects our ability to respond to Kenya’s growing electricity needs while investing for the future.
Every additional megawatt of dependable,renewable power strengthens the economy,supporting homes,hospitals,schools,industries and the enterprises creating opportunities for millions of Kenyans.”
Total borrowings fell by Ksh.12.2 billion to Ksh.97.1 billion, enhancing the Company’s financial flexibility and capacity to fund future growth.
The results were achieved against the backdrop of a resilient domestic economy despite heightened geopolitical tensions and disruptions across global energy markets.
Kenya’s gross domestic product expanded by 5.3%, compared with 4.9% in 2025, contributing to increased economic activity and higher electricity consumption.
National peak electricity demand rose to a record 2,549 MW, recorded on July 15, 2026.The increase highlights the expanding energy requirements of Kenya’s households,businesses and industries, as well as the need for timely investment in additional generation capacity.
“Record electricity demand is a powerful signal of a growing and increasingly connected economy,” Eng. Njenga said.
“Our responsibility is to stay ahead of that growth by delivering reliable, sustainable and competitively generated electricity.
By expanding renewable capacity and strengthening system resilience, we are helping protect consumers from the volatility associated with fossil-fuel generation while creating the energy foundation for Kenya’s industrial transformation.”
Our ambition to add approximately 5,540 MW of renewable energy by 2034 is ultimately about ensuring that electricity remains a dependable enabler of everyday life, enterprise and national prosperity.”
The Park recently onboarded its fifth investor,marking further progress in its development as a hub for low-carbon manufacturing and sustainable enterprise.
These initiatives are expected to diversify revenues, strengthen financial resilience and position Kenyan expertise at the forefront of the global energy transition.
“As Kenya’s energy champion, our purpose extends beyond generating electricity,” Eng. Njenga said. “We are building the infrastructure,expertise and partnerships that will power a more competitive,climate-resilient and prosperous nation.
Our focus remains clear: to create lasting value for consumers,shareholders and communities while powering Kenya’s next chapter of growth.”
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