A KenGen power generating plant. [Photo/the-star.co.ke]Power producer KenGen has stated it is planning to increase revenue through a subsidiary that will oversee its non-electricity generating business.The subsidiary, named KenGen Energy Services (KES) is awaiting approval.It will handle diversified business segments that will be hived off from KenGen, leaving the mother company to handle power production and sales.KenGen has in the recent past diversified its revenue streams to include the sale of geothermal steam to flower firms in Naivasha, drilling geothermal wells for other firms, running its geothermal spa in Olkaria and a planned industrial park.According to Chief Executive Rebecca Miano, the subsidiary would also explore other revenue streams as the firm looks to grow revenues while reducing reliance on energy generation.“KenGen would like to diversify revenue streams. So far, there are few things that we have been doing alongside our generation business, especially consultancy in the area of geothermal. We have also been getting proposals from companies interested in drilling and would like KenGen to offer them commercial drilling services,” said Ms Miano as quoted by the Standard.

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