Kenya Electricity Generating Company PLC (KenGen) has launched its ambitious G2G Strategy 2024–2034, a forward-thinking plan designed to lead Kenya's shift to green and sustainable energy.
Expanding geothermal, wind, and solar investments, improving operational efficiency, and incorporating cutting-edge technology for the benefit of all Kenyan consumers are the main objectives of the strategic plan, which solidifies KenGen's status as a pioneer in renewable energy.
Hon. James Opiyo Wandayi, Cabinet Secretary for Energy, praised KenGen's progressive approach during the launch event at the Olkaria Geothermal Spa in Naivasha. He said that the company's ambitious goals under the new strategy include diversifying its energy portfolio, increasing the capacity for renewable energy, and helping to transform Kenya's economy by creating jobs and developing infrastructure.
Kenya's energy sector has a clear and feasible future according to KenGen's G2G Strategy. As we work toward achieving 100% renewable energy, the government will keep backing KenGen's mission to provide all Kenyans with affordable, dependable, and clean power. "This approach is essential to our transition to a low-carbon economy and will guarantee Kenya's sustained leadership in green energy innovation,” Hon. Wandayi, the launch's chief guest, stated.
The G2G Strategy, the CS continued, was based on three main pillars: increasing the capacity of geothermal power, increasing the scale of wind and solar projects, and investigating new technologies such as energy storage and hydrogen energy. Along with enhancing Kenya's energy resilience, he claimed that this diversification will guarantee KenGen's continued dominance in the world of renewable energy.
Eng. Peter Njenga, Managing Director and CEO of KenGen, said: "This strategic plan marks a historic moment for KenGen and Kenya's energy community. To ensure that all Kenyans have access to clean, affordable, and dependable power, our vision is to fully use Kenya's enormous renewable energy potential.
The CEO of an energy generator listed on the NSE continued, saying: "We are dedicated to leading the global energy transition, and the G2G Strategy will expedite our efforts to attain carbon neutrality while satisfying the region's expanding energy demand."
KenGen's Board Chairman, Eng. Frank Konuche, reaffirmed the company's commitment to using the new strategy to increase Kenya's socioeconomic effect.
"We are investing heavily in our workforce, infrastructure, and community-driven projects to achieve this ambitious vision," Eng. Konuche added. These expenditures are anticipated to raise Kenya's GDP considerably, provide new jobs, and establish KenGen as a major force behind the nation's economic development.