Will Rebecca Miano’s Contract at KenGen be Extended?

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(Rebecca Miano with Current MD Of IMF Kristalina Georgieva)

As Rebecca Miano’s term at the state-owned energy maker Kenya Electricity Generating Company (KenGen) ends,  there’s a race for the top seat.

However, it is well to document some of the achievements of the former company secretary who rose through the ranks to the helm of the organization.

Achievements

During her tenure, KenGen PLC has had some amazing wins such as the expansion of Olkaria Geothermal wells, bagging several accolades, signing energy contracts in nine African countries and recently doubling half year profits.

In 2020, KenGen pumped an additional 165MW of cleanest and climate-friendly renewable energy into the national grid. This came at a time the government is planning to replace thermal power with clean energy. At the moment there is an ongoing work for additional 83MW at its Olkaria 1 Unit 6 site.

The state-owned agency is also eyeing additional 140MW in its yet to be tendered Olkaria VI project.

“The evaluation process for the 140MW geothermal power plant is complete and we are now going into the tendering process,” Energy cabinet Secretary Charles Keter said in a recent interview when KenGen hosted a delegation of Ugandan MPs and officials from Energy and Mineral Development.

According to a local news site, kenyawallstreet, KenGen PLC owns 30 hydro power plants with a combined capacity of 818MW, five thermal power plants of 256MW, six geothermal power plants of 698MW and one Wind power plant at Ngong of 26MW, resulting into a total installed capacity of 1,796MW.

Double half-year returns

The half-year earnings of KenGen doubled to Ksh8.2 billion in the period that ended on 31st December 2019 compared to Ksh4.1 billion posted in a similar period in 2018. This was a major achievement for Rebecca Miano since she came office.

Signing energy contracts in African states

Because of its major achievement in producing cleanest energy in Africa and number five in the world courtesy of Ms Rebecca Miano, KenGen won a Sh5.2 billion tender to drill geothermal wells in Ethiopia in October last year. It’s now eyeing similar deals in Uganda, Tanzania, Djibouti, Rwanda, South Sudan, The Sudan, Zambia and Comoros to boost revenues. Recently, Ugandan delegation visited KenGen PLC headquarters for benchmarking.

“We have ready capacity to help these countries exploit their geothermal resources. We are already doing this for Ethiopia and we are in talks with these countries on how to collaborate with them,” Cyrus Karingithi, the assistant manager, resource development and infrastructure was quoted saying in an interview with Business Daily.

Won many accolades

Ms Rebecca Miano was named the Company Secretary of the Year in 2010, Order of the Grand Warrior of Kenya in 2010, and ‘Moran of the Order of the Burning Spear 2019. This signifies a rising star.

Last year KenGen Managing Director, Rebecca Miano, was named among the Top 100 Women Chief Executive Officers (CEOs) in Africa.

The ranking was actualised by Reset Global People and Pulse editors with support from Public Relations and Ranking Agency, Avance Media. Additionally, the CEOs who made the list were drawn from 24 countries across the continent.

It’s worth noting that KenGen PLC MD and CEO Rebecca Miano was appointed to steady the ship at the Kenya’s largest power producing at a time the country had not fully embraced the gender rule. However, this did not stop the daughter of the mountain from proving her worth.

Ms Miano seems a favorite for another term.

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