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Understanding KenGen’s FY 2026 Results
Description
In this episode, recorded on 11 September 2026, we sit down with Eng. Peter Njenga (CEO, KenGen) to dissect the utility's FY26 performance, marked by a 6.4% revenue increase and a Profit After Tax of KES 10.35 billion. We explore the board's decision to retain earnings for its aggressive capacity expansion, the shift toward public-private partnerships and wellhead leasing to fund a massive 10-year generation pipeline, exporting geothermal drilling expertise across the East African Power Pool, and KenGen's appointment as the owner-operator of Kenya’s inaugural 2,000 MW nuclear facility in Siaya.
Show Notes
00:00:00 Introduction
00:05:23 KenGen’s Energy Generation Portfolio
00:06:54 Overview of the FY26 Results
00:08:57 Revenue Growth Drivers
00:12:09 Impact of Drought on Hydro Power Generation
00:12:59 Nuclear Power Plant
00:16:09 Profitability and Finance Income Decline
00:17:49 Balance Sheet Strength and Funding Strategy
00:19:26 Power Generation Pipeline and Capex Needs
00:24:14 Dividend Cut
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