Kenya Electricity Generating Company is planning to set up a subordinate consultancy firm to boost its revenue generation as part of its revamped G2G (Good to Great) transformation strategy. The power generator aims to provide adequate returns for shareholders by targeting a return-on-invested-capital of 10 per cent and by profitably supplying cheaper green energy to the public. Dubbed KenGen C, the firm will be offering expert services in electricity generation, selling steam, geothermal consulting, heating and other related services across the continent while the mother firm will concentrate on its core business of energy generation. Despite the profits, the firm will not be giving dividends to its shareholders for the second year running. Analysts believe that the announcement of revenue diversification is meant to calm bitter shareholders and give them hope of better prospects in future ahead of the company’s annual shareholder meeting slated for early December.

Source: The Star November 15, 2017 22:41 UTC