KenGen Board renews CEO contract

KenGen MD Rebecca Miano (PHOTO: FILE)

NAIROBI, KENYA: The Kenya Electricity Generating Company (KenGen) has renewed the contract of Rebecca Miano as the company Chief Executive Officer for another three years.

According to the Board, the renewal was based on a rigorous evaluation process.

During Miano’s three-year tenure at the helm of KenGen, the Company has continued on an upward growth trajectory, consistently reporting good corporate financial performance despite a difficult operating environment that has affected many other businesses globally.

“From the just-released financial result, the company grew in terms of assets, it paid a dividend of Sh2.6 billion to shareholders for the financial year 2018, followed by the successful final redemption of the listed Sh25 billion KenGen Public Infrastructure Bond in October 2019,” said The Board Chairman Joshua Choge.

Choge noted that Miano has passionately led the company’s diversification strategy, a move that has seen the organisation be awarded two multi-million shilling geothermal drilling and consultancy contracts in Ethiopia.
He noted that the development has opened new opportunities for the company, further entrenching its expertise in geothermal energy.

Currently, Kenya is the 7th largest geothermal energy producer in the world and the leader in the continent. Geothermal energy generation, as a key green energy resource, has contributed towards building the country’s green energy capacity, with more than 80 per cent of electricity generated by KenGen resulting from renewable sources, namely geothermal, hydro, and wind.