Kenya Electricity Generating Company (KenGen) has reported a 6.4% rise in revenue to Sh59.7 billion for the financial year ended June 30, 2026, as electricity demand in the country reached a record high.
The power generator said revenue increased from Sh56.1 billion in the previous financial year, while operating profit rose to Sh14.2 billion from Sh13.6 billion.
Kenya’s peak electricity demand reached an all-time high of 2,549MW on July 15, highlighting the growing energy needs of households, businesses and industries.
KenGen supplied 8,975 GWh of electricity to the national grid during the year, accounting for 57.2% of the total electricity supplied to the grid.
More than 90% of the electricity dispatched by the company came from renewable sources, reinforcing its position as Kenya’s leading renewable-energy generator.
“KenGen’s performance demonstrates the strength of our diversified renewable-energy portfolio and the disciplined execution of our G2G Strategy,” Managing Director and Chief Executive Officer Peter Njenga said.
“More importantly, it reflects our ability to respond to Kenya’s growing electricity needs while investing for the future,” he added.
Despite the increase in revenue, KenGen’s profit after tax remained broadly stable at Sh10.35 billion, compared with Sh10.48 billion in 2025.
The company attributed the marginal decline to reduced finance income, which fell from Sh4.1 billion to Sh2.9 billion after cash resources were deployed into capital investments aimed at expanding electricity-generation infrastructure.
KenGen also reported a 12.1% decline in finance costs to Sh2 billion, while total borrowings fell by Sh12.2 billion to Sh97.1 billion.
Njenga said the record demand was a sign of a growing economy and underlined the need for additional generation capacity.
“Record electricity demand is a powerful signal of a growing and increasingly connected economy,” he said.
KenGen is advancing projects across geothermal, hydro, solar, wind, nuclear energy and battery storage as it seeks to meet rising demand.
Among its priority projects are the 63MW Olkaria I Geothermal Power Plant Redevelopment, 42.5MW Seven Forks Solar Project, 8.6MW Gogo Hydropower Plant Upgrade and 58.42MW Wellhead Leasing Geothermal Project.
The company aims to add about 5,540MW of renewable-energy capacity by 2034.
“These investments are designed around the needs of the Kenyan consumer,” Njenga said, adding that the projects would increase generation capacity and improve resilience during periods of peak demand.