Power producer Kenya Electricity Generating Company (KenGen) #ticker:KEGN has posted a 133 per cent jump in net profit to Sh18.38 billion for the full year ending June 2020 on the increased output of cheaper geothermal and tax savings.
The company completed its Olkaria V geothermal plant in the year under review, which helped it cut reliance on thermal generators saving on costs while boosting its electricity sales by 11.3 per cent to Sh39.8 billion.
