× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

KenGen Board renews CEO Rebecca Miano contract

By Fredrick Obura | September 1st 2020
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.

Share this story
Kenya Airways resumes international flights
The first international flights will be to London, Dubai, Addis Ababa, Kigali, Dar es Salaam and Lusaka.
Property developers ride on holiday homes wave
Short-term rents such as Airbnb have become popular with buyers who don’t reside in the houses throughout the year.