KenGen wins three prestigious awards as it eyes bold future under 10-year growth strategy

Kenya Electricity Generating Company (KenGen) PLC swept three top awards this past weekend, affirming its leadership in financial reporting, sustainability, and supply chain management.

The accolades come as the state-owned company forges ahead with its ambitious 10-year ‘Good to Great (G2G) strategy, aimed at transforming operations and scaling renewable energy capacity.

At the 2024 Financial Reporting (FiRe) Awards, KenGen was named the top State Corporation for financial reporting under IFRS Accounting Standards.

This accolade celebrates the NSE-listed company’s outstanding achievements in financial reporting and ESG integration, marking it as a benchmark for corporate transparency and governance.

The FiRe Awards, widely regarded as the most prestigious financial reporting recognition in East Africa, are organized by the Institute of Certified Public Accountants of Kenya (ICPAK) in partnership with the Nairobi Securities Exchange (NSE), Capital Markets Authority, and other key stakeholders.

“These awards are more than recognition; they are proof of KenGen’s dedication to financial responsibility, integrity, innovation, and sustainable development,” said Eng. Peter Njenga, the company’s managing director and chief executive officer.

“As we celebrate this success, we are equally focused on the next decade, guided by the transformative goals of our G2G strategy.”

KenGen also emerged victorious at the 2024 Kenya Institute of Supply Chain Management (KISM) Awards, earning the Sustainable Procurement Award.

This honour recognised KenGen’s exemplary efforts in embedding environmental stewardship into its supply chain operations. The company’s innovative protocols for managing sensitive materials like fuel and its significant investments in eco-friendly infrastructure have set a new industry standard.

In securing this award, KenGen outperformed giant corporations in the private and public sectors, further cementing its reputation for responsible business practices.

In a pioneering achievement, KenGen’s Supply Chain Manager, Beatrice Koskei, won the inaugural Supply Chain Women Leader award.

Competing against industry stalwarts, Koskei was lauded for her visionary leadership and transformative impact in a traditionally male-dominated field. This award, introduced in 2024, is a significant step forward in recognizing the role of women in shaping supply chain excellence.

“We are proud of our team, who continue to inspire me every day. The awards are a testament to our team’s commitment not only to grow KenGen but to exceeding stakeholder expectations and advancing Kenya’s sustainable development goals,” said Eng. Njenga.

Njenga emphasized that the accolades align with KenGen’s strategy of operational excellence across all business dimensions, from financial transparency to environmental stewardship.

He added, “This recognition inspires us to continue leading by example, setting new benchmarks for corporate responsibility for the good of all Kenyans.”

Koskei, speaking about her historic recognition, highlighted her focus on empowering women in the supply chain sector.

“Through mentorship programs and supplier diversity initiatives, we are breaking barriers and creating meaningful opportunities for women in this field. It is an honour to represent KenGen and to pave the way for more women leaders in their respective careers,” she said.

KenGen’s recognitions at the FiRe Awards and KISM Awards, are a powerful affirmation of its position as an industry trailblazer.

They underscore the company’s role in shaping a sustainable, inclusive, and innovative corporate landscape for Kenya and the region.