KenGen shareholders to tour plants

August 15, 2012
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KenGen Chairman Titus Mbathi launched the raffle‘s draw.

, NAIROBI, Kenya, Aug 15 – The Kenya Electricity Generating Company (KenGen) will take its shareholders on a familiarization tour on its operations to enhance their understanding on its operations and way of business.

The 300 shareholders who will participate in the tour were picked on Tuesday in a raffle draw held by KenGen’s top management and supervised by Betting and Control Licensing.

This is the second time KenGen is conducting its shareholders to its installations to enhance their contributions on the future of its business through informed debates.

KenGen believes enlightened Shareholders are an asset since their feedback can help improve it’s operations.

KenGen Chairman Titus Mbathi who launched the raffle’s draw says KenGen is keen to tap from critical contribution from its shareholders.

‘We are aware that companies are built through ideas and we would like to harness the wealth of knowledge and experience that our shareholders have by exposing them to different aspects of our operations to help them make meaningful contributions during annual general meetings and other investor forums’ Said Mbathi.

The Chairman further notes that KenGen has noted a remarkable improvement if discussions on KenGen’s business in its annual general meeting, following the inaugural shareholders tour held last year.

This year’s shareholders tour will be held on 20th September.

The Chairman noted that the shareholders tour will be an annual event in order to increase understanding of its operations to as many shareholders as possible, a move that will also enhance corporate governance.

The visit comes amidst rapid capacity expansion by KenGen, as construction of the mega 280MW geothermal projects picks pace. The project will deliver stable, renewable and affordable power to Kenyans.

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