KenGen Extraordinary General Meeting (EGM) Confirms Green Energy Park Direct Power Supply for Data Centers and Crypto Miners

Following KenGen's Extraordinary General Meeting on February 12, 2026, East Africa's leading energy producer confirmed regulatory approval for commercial customers to receive power directly from its Olkaria geothermal facility.

Managing Director and CEO Eng. Peter Njenga confirmed during KenGen's Extraordinary General Meeting held Thursday, February 12, 2026, that the Olkaria green energy park now has provisions for data centers and bitcoin mining companies to establish operations and receive power directly from generators.

For tech companies evaluating African expansion, this means access to 100 percent carbon neutral baseload geothermal power with 90 percent plus uptime reliability through direct supply arrangements, bypassing traditional grid distribution.

Njenga directed commercial inquiries to Kibet Rono, General Manager for Commercial Services, who manages investor engagement and licensing coordination for the green energy park.

What Changed at the EGM

KenGen's Extraordinary General Meeting drew over 21,000 participants from 25 countries, including Principal Secretary for Energy Alex Wachira and Chairman Hon. Alfred Agoi.

The company secured Energy and Petroleum Regulatory Authority pre clearance for the direct supply model at Olkaria, cutting regulatory approval timelines by 75 percent from the traditional 18 to 24 month process down to 4 to 6 months.

The regulatory framework is now operational. Companies with credible load requirements and technical specifications can initiate applications through KenGen's commercial services team.

The Geothermal Advantage

Kenya recorded system peak demand of 2,444.4 megawatts on January 14, 2026. The highest gross energy demand of 45,323.22 megawatt hours was recorded on December 5, 2025.

KenGen's Olkaria facility offers distinct advantages for data centers and mining operations:

90 percent plus uptime reliability: Geothermal plants deliver continuous baseload power with no weather related fluctuations. Unlike solar or wind, output remains stable, eliminating the need for expensive battery backup or diesel generators.

10 to 15 year fixed pricing: Long term contracts protect operators from energy price volatility and distribution cost increases. Fixed pricing provides budget certainty for the entire operational planning horizon.

100 percent carbon neutral energy: Geothermal qualifies as renewable energy for ESG reporting. Direct access meets strict global ESG reporting standards, allowing tech companies to source clean power while maintaining continuous operations.

Streamlined Path to Operation

KenGen's pre clearance model compresses total project setup time from the traditional 30 to 42 months down to 11 to 18 months.

The streamlined timeline includes:

• Regulatory approval: 4 to 6 months (75 percent faster than traditional 18 to 24 month cycles)

• Direct utility scale interconnection: Custom design and construction integrated into the 52 week technical roadmap

• Commercial operation: Full power delivery within the compressed timeline

Companies must still complete the regulatory process through the Energy and Petroleum Regulatory Authority, but pre clearance eliminates sequential delays that previously extended project commissioning.

The Regulatory Process

Companies interested in direct power supply from Olkaria must:

• Secure approval from the Energy and Petroleum Regulatory Authority

• Meet KenGen's licensing requirements for direct supply arrangements

• Demonstrate credible load requirements and technical specifications

• Complete business registration and investment approvals

KenGen handles preliminary discussions before forwarding qualified applications to the regulator. The company evaluates available capacity at Olkaria and interconnection requirements during feasibility assessment.

Capital Strategy and Capacity Expansion

Eng. Peter Njenga outlined KenGen's G2G2034 strategy to add 1,500 megawatts of renewable capacity, 2,000 megawatts from nuclear, and 700 megawatts from hydrogen by 2034.

The company continues to optimize its existing generation fleet while accelerating growth across geothermal, hydro, nuclear, wind, and other renewable energy sources. KenGen emphasized it will uphold the highest safety and environmental standards while delivering long term value to shareholders.

The Olkaria green energy park anchors the renewable expansion. Direct supply contracts with commercial customers provide stable cash flow that supports additional capacity investment.

Governance Reforms and Board Restructuring

The EGM approved board restructuring that seats six independent directors proportional to shareholding under the new Governance Act 2025. Four positions represent the government's 70 percent stake, while two represent minority shareholders holding 30 percent equity.

Chairman Agoi emphasized that the government remains the major shareholder, with no change in the company's ownership structure. What changed is the strength of the governance architecture, including clearer board structures, stronger independence requirements, and structured minority shareholder participation.

The reforms implement fit and proper assessment tools that evaluate director candidates on professionalism, technical competence, and accountability standards before appointment.

Shareholder participation at the February 12 EGM reached 21,000 across 25 countries, reflecting increased confidence in KenGen's operational strategy and governance framework.

What Tech Operators Should Know

Companies evaluating the Olkaria opportunity should prepare:

• Load profile documentation: Consumption patterns, peak demand, and baseload requirements

• Technical specifications: Voltage requirements, redundancy needs, and interconnection standards

• Financial capacity evidence: Balance sheets, project financing commitments, or parent company guarantees

• Operational timeline: Construction schedule, commissioning dates, and ramp up projections

• Regulatory status: Business registration, investment approvals, and compliance documentation

KenGen prioritizes applications from creditworthy customers with clear operational plans and realistic timelines. The 11 to 18 month total project setup timeline applies to operators with ready infrastructure and approved business plans.

Why Direct Geothermal Supply Matters

East Africa's tech ecosystem continues to mature, with submarine cable capacity increasing connectivity and government policies supporting digital infrastructure investment. Kenya positions itself as a regional hub for cloud services, fintech platforms, and content delivery networks.

Power availability and cost remain primary constraints for data center developers. The Olkaria green energy park addresses these issues by offering:

• Utility scale renewable power with direct interconnection

• 90 percent plus reliability that meets data center uptime requirements

• 10 to 15 year fixed pricing that protects against energy cost inflation

• 100 percent carbon neutral credentials for ESG compliance

• 75 percent faster regulatory approval through pre clearance

Bitcoin mining operations require low cost, reliable electricity to remain competitive. Geothermal power from Olkaria offers price stability over 10 to 15 year contract terms and renewable energy credentials that matter to institutional investors in crypto mining companies.

Getting Started

Kibet Rono's team at KenGen walks potential customers through the preliminary assessment before formal regulatory submissions begin. Early conversations help identify technical requirements and match available capacity to project needs.

The 4 to 6 month regulatory approval window and 11 to 18 month total setup timeline mean companies can move from initial inquiry to commercial operation faster than traditional infrastructure projects in the region.

Event Details: KenGen Extraordinary General Meeting

Organisation: Kenya Electricity Generating Company PLC (KenGen)
Date: Thursday, February 12, 2026
Format: Press briefing with shareholder participation
Attendance: 21,000+ participants from 25 countries

Key Participants:

• Alex Wachira, Principal Secretary, State Department for Energy

• Hon. Alfred Agoi, Chairman, KenGen Board of Directors

• Eng. Peter Njenga, Managing Director and CEO, KenGen

• Shareholders representing 70% government ownership and 30% public equity

Key Outcomes:

• Board restructuring approved under Governance Act 2025

• Six independent directors seated proportional to shareholding

• Regulatory framework confirmed for Olkaria direct supply model

• Capital strategy announced: 1,500 MW renewable + 2,000 MW nuclear + 700 MW hydrogen by 2034

• Green energy park at Olkaria open for data center and bitcoin mining operations

Olkaria Direct Supply Features:

• 90%+ uptime reliability with continuous baseload power

• 10 to 15 year fixed pricing contracts

• 100% carbon neutral energy meeting global ESG standards

• 75% faster regulatory approval (4 to 6 months vs 18 to 24 months)

• 11 to 18 month total project setup (vs 30 to 42 months traditional)

• Direct utility scale interconnection with 52 week technical roadmap

Contact for Green Energy Park Inquiries:

Kibet Rono

General Manager, Commercial Services

Kenya Electricity Generating Company PLC (KenGen)
East Africa's leading electric energy producer

Why This Matters for Africa's Digital Future

The Olkaria announcement positions Kenya as a competitive destination for energy intensive tech infrastructure. Companies can now access renewable baseload power with reliability and pricing that rivals traditional tech hubs, while meeting strict ESG requirements.

For data center operators, 90 percent plus uptime from geothermal baseload eliminates the reliability gap that has constrained African expansion. The 10 to 15 year fixed pricing provides budget certainty that makes long term infrastructure investments viable.

For crypto miners, stable geothermal power with 100 percent carbon neutral credentials addresses both operational economics and the growing institutional investor focus on sustainable mining practices.

The compressed 11 to 18 month timeline from inquiry to commercial operation means projects initiated now can capture 2027 market opportunities, fast enough to matter for current funding cycles and customer commitments.

Direct utility scale interconnection through KenGen's 52 week technical roadmap provides a proven pathway that reduces project risk and accelerates time to revenue.

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