KenGen headquaters. [Photo/the-star.co.ke]
Electricity generator KenGen has stated that it is awaiting regulatory approvals to launch a subsidiary that will oversee its non-electricity generating business.
The subsidiary, named KenGen Energy Services (KES), will handle diversified business segments that will be hived off from KenGen.
The mother company will 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.
It is also offering energy consultancy services to power sector players in the country and the region.
“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,” CEO Rebecca Miano is quoted by the standard.