Kenya to build on KenGen flotation success: huge public demand for shares in Kenya's power generating giant KenGen underscores the country's bid to increase its generating capacity rapidly to cater for an expected demand surge over the next few years.(ENERGY)(Kenya Electricity Generating Company)

African Business | July 1, 2006| | Copyright

Another major step was taken towards the reform of the Kenyan power sector in May with the successful flotation of a 30% stake in the country's main generator, Kenya Electricity Generating Company (KenGen).

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Kenya Power Company (KPC), the state-owned power company that had dominated the sector since independence, was unbundled in the 1990s, resulting in the creation of KenGen and distribution operator Kenya Power and Lighting Company (KPLC).

However, the recent initial public offering (IPO), ...

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