Kenya Electricity Generating Company PLC (KenGen), East Africa’s leading electricity generator, announced a record dividend payout totaling Ksh.4.3 billion to its shareholders on Wednesday, March 12, 2025.
The payout included a disbursement of Ksh.3 billion to the Government of Kenya, the company’s majority shareholder.
This marked a 117% per-share increase over the previous year, following a profit after tax of Ksh.6.8 billion for the year ended June 30, 2024.
KenGen disclosed this in a statement issued on Wednesday, March 12, 2025.
Earlier, on February 13, 2025, KenGen paid out 30% of the dividend, amounting to approximately Ksh.1.3 billion, to private and institutional shareholders.
Cabinet Secretary for National Treasury and Economic Planning, John Mbadi, praised KenGen, saying, “We are immensely proud of KenGen as a model of excellence for the National Treasury. Their stability, cost efficiency, and reliability in energy supply are key indicators of our nation’s economic performance.”
State Department for Energy Permanent Secretary Alex Wachira noted, “KenGen is well-run, consistently delivering profit year after year. Moving forward, our focus will be on supporting new projects in geothermal, hydro, solar, and wind through backing from the National Treasury to help access funds from development partners.”
KenGen Chairman Agoi attributed the achievement to sustained efforts to boost electricity generation, enhance operational efficiencies, and execute prudent financial management. “Our dividend payout is not merely a financial milestone but a clear reflection of effective policy collaborations and our commitment to Kenya’s growth.”
CEO, Eng. Njenga, echoed these sentiments, adding, “Our performance demonstrates our ability to balance immediate shareholder returns with long-term investments in Kenya’s energy future. This dividend is a tangible affirmation of our strategic focus, which has optimized our operations and reinforced our leadership in the power generation sector.”
During the formal cheque handover ceremony, Hon. Mbadi commended the Ministry of Energy and Petroleum and KenGen for a rare occasion where the government receives money from local agencies.
The substantial increase in dividend payout is expected to boost investor confidence in KenGen shares, reaffirming the company’s position as one of the top dividend-paying stocks on the Nairobi Securities Exchange. The Government of Kenya owns a 70% stake in the NSE-listed company, while private investors own 30%.
Source: https://energynewsafrica.com
Employees of Umeme, the main electricity distribution company in Uganda, are likely to lose their jobs as Uganda Electricity Distribution Company Limited (UEDCL) is set to take over the electricity distribution role in April 2025.
UMEME Limited was formed in 2004 by a consortium of Globeleq, a subsidiary of the Commonwealth Development Corporation of the United Kingdom, and Eskom of South Africa to take over electricity distribution in Uganda.
The company has operated for the past 20 years under concession and it expires next month.
Speaking on the transition recently during the orientation retreat for new members of the Parliamentary Committee on Environment and Natural Resources at Speke Resort Munyonyo, Minister for Energy and Mineral Development, Ruth Nankabirwa, said government could not absorb all Umeme staff due to concerns over redundancy.
“Unfortunately, we cannot simply absorb all the staff, especially since UEDCL already has personnel from the successor company,” the minister said.
“Doing so would result in redundancy in some offices, leaving employees without work while increasing operational costs, which would ultimately impact electricity supply,” she added.
The Minister reassured affected employees that they would be prioritised for re-employment in other roles within the electricity sector.
“There are 191 of them, and we will retain them as specialists so that when the need arises, we can call on them. We can also recommend them to contractors working within the network to give them first priority,” she added.
The transition comes after the government announced three years ago that UMEME’s 20-year concession would not be renewed.
“Those who have been working with Umeme should not be surprised. The roadmap was shown, and we have done our best to retain as many as possible. We have recruited 90% of former staff into the new system, but some positions have become redundant due to the need to eliminate duplication,” Nankabirwa said.
The government aims to improve efficiency, reduce power losses, and lower operational costs to ensure affordable electricity tariffs for consumers.
Officials are also working to upgrade the power distribution infrastructure, tackle vandalism, and expand rural electrification under the new public-led model.
While the transition is seen as a necessary step towards greater government control of electricity supply, stakeholders have raised concerns about its impact on service delivery, particularly as UEDCL restructures its workforce.
There are calls for a smooth handover process to avoid disruptions in power distribution.
As the transition progresses, the Ministry of Energy has pledged to closely monitor the process and provide the necessary support to both affected employees and consumers, ensuring a seamless shift from Umeme to UEDCL.
Source: https://energynewsafrica.com
The UK police have arrested the captain of a container ship that collided with a tanker carrying jet fuel in the North Sea earlier this week, “on suspicion of gross negligence manslaughter in connection with the collision,” according to an AP report.
Unnamed sources told Reuters earlier in the week that no malicious activity was suspected in the accident, which set both vessels on fire.
The owner of the container ship, Ernst Russ, said that both the captain “and our entire team are actively assisting with the investigations,” the AP reported. The collision is currently under investigation, to be led by the U.S. and Portugal because of the vessel ownership.
The UK authorities are also monitoring the situation for environmental damage but for now there were no signs of pollution or other damage to the environment from the vessels.
The container ship collided with the tanker earlier this week, off the coast of East Yorkshire. The full crew of the Stena Immaculate tanker was accounted for but one of the 14 members of the container ship’s crew was still missing as of Tuesday.
The UK coast guard rescued a total of 36 people after the accident, Sky News reported. The search for the missing crew member of the container ship, Portuguese-flagged Solong, was called off.
The tanker, per Reuters, was operated by a U.S. logistics company, Crowley, carrying jet fuel for the U.S. Navy but was anchored off the coast of Hull when the Solong struck it.
“Both vessels have sustained significant damage in the impact of the collision and the subsequent fire,” the owner of the container ship, Ernst Russ, said in a statement.
“13 of the 14 Solong crew members have been brought safely shore. Efforts to locate the missing crew member are ongoing,” the statement, from Monday, also said.
Source: Oilprice.com
A Turkish firm, Synergy Co. Ltd., which specialises in designing solar and smart meters, has announced plans to invest in Ghana, West Africa, to produce solar and smart meter technologies.
The representatives of the firm disclosed this on Tuesday, March 11, 2025, during a meeting with John Abdulai Jinapor, Minister for Energy and Green Transition, at his office.
The company, which has been in the energy business for 48 years, reaffirmed its commitment to supporting Ghana’s renewable energy sector.
As part of its investment, Synergy plans to establish a manufacturing plant in Ghana to produce all its products locally.
The company estimates that it will be able to produce up to 12 million electrical meters annually, which will include safeguards against tampering to help reduce energy losses.
The introduction of these advanced meters is expected to enhance efficiency and transparency in Ghana’s energy sector.
This will address key concerns in electricity distribution.
During the meeting, Synergy also proposed the establishment of a training school to equip Ghanaians with the necessary skills in solar panel and meter production.
The initiative aims to build local capacity in renewable energy manufacturing and provide employment opportunities.
Additionally, the company requested government support in off-taking their products and services to ensure their successful integration into the Ghanaian market.
Minister Jinapor applauded the company’s decision to invest in Ghana, particularly its commitment to local manufacturing and skills development.
He emphasised the government’s support for initiatives that align with Ghana’s green transition and energy sustainability goals.
He further assured Synergy of the ministry’s willingness to collaborate in ensuring the successful implementation of their plans, noting that local content and job creation remain key priorities for the government.
Source: https://energynewsafrica.com
Nigerian police have charged three men with vandalism of the Ikot Ekpene-Ugwuaji 330kV Double Circuit Line of Transmission Company of Nigeria in Enugu State.
The three men were arrested at about 11:00 am on February 21, 2025, by community security operatives and local hunters.
They had removed the nuts, bolts, and angle iron used for tower bracing.
In a statement, TCN expressed gratitude to the community for their vigilance and continued support in combating vandalism of transmission infrastructure.
Source: https://energynewsafrica.com
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its contract with Dangote Refinery for the sale of crude oil in Naira was for just six months and will expire at the end of March 2025.
According to Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the contract was subject to availability and is currently being renegotiated.
NNPC Ltd. has supplied over 48 million barrels of crude oil to Dangote Refinery since October 2024, and a total of 84 million barrels since the refinery began operations in 2023.
The clarification comes amidst recent social media reports alleging that NNPC Ltd. had unilaterally terminated the crude oil sales agreement with Dangote Refinery.
However, Soneye assured that discussions are ongoing to establish a new contract.
“NNPC Limited remains committed to supplying crude oil for local refining based on mutually agreed terms and conditions,” he said.
Source: https://energynewsafrica.com
Ghana has announced plans to increase gas imports from Nigeria for power generation in the West African nation.
Currently, Ghana imports 60 million standard cubic feet (mmscf) of gas per day from Nigeria to augment domestic gas from the Atuabo Gas Processing Plant for power generation.
Finance Minister Dr. Cassiel Ato Baah Forson says the current gas import will be increased to 100 mmscf per day.
Presenting the 2025 Budget and Economic Policy of the Government, Finance Minister Dr. Cassiel Ato Baah Forson explained that the government wants to increase gas imports because they are cheaper than other fuels. Besides natural gas, the country also relies on High Fuel Oil (HFO) and Light Crude Oil (LCO) for electricity generation.
These fuels cost the country much more compared to natural gas.
Recently, the country’s Minister for Energy and Green Transition, John Abdulai Jinapor, disclosed that the country spent $100 million to procure alternative fuels to keep the power plants running when the West African Gas Pipeline Company (WAPCo) shut down its facilities for an inspection and maintenance exercise known as pigging.
Source: https://energynewsafrica.com
Ghana’s energy sector received a whopping ¢20.8 billion in support from the central government in 2024, according to Finance Minister Dr. Cassiel Ato Baah Forson.
He revealed this while presenting the 2025 Budget and Economic Policy in Parliament on Tuesday, March 11,2025.
Minister Ato Baah Forson said, this significant allocation could have been channeled towards other vital sectors, such as building hospitals, roads, and other infrastructure, had the energy sector been managed more efficiently.
“These resources could have been used for job creation and other development programmes like roads, schools, and hospitals if the sector inefficiencies were resolved,” he said.
The energy sector’s debt woes continue to worsen, with Independent Power Generators Ghana owed a staggering $1.73 billion as of December 2024.
To tackle this debt, the Mahama administration plans to introduce private sector participation in the Electricity Company of Ghana (ECG) to boost revenue collection.
The Finance Minister minister noted that a recent exercise conducted by the energy sector financing modelling team under the Energy Sector Recovery Programme (ESRP) revealed that the Business as Usual (BAU) energy sector financing shortfall has increased significantly to about GH¢35 billion for 2025, even after the rather large spending for the sector’s shortfall in 2024.
“Mr. Speaker, more importantly, the shortfall for the period 2023-2026 has been estimated at about GH¢140 billion,” he stated.
“This is over 20 times more than the allocation for Goods and Services for all MDAs for 2025.”
Source: https://energynewsafrica.com
The Public Utilities Regulatory Commission (PURC) has successfully held its first-ever preliminary investment hearing for utility service providers.
This significant step is part of the Commission’s ongoing efforts to ensure transparency and accountability in the regulatory process.
Held from February 25 to 27, 2025, the hearing brought together key utility service providers, including the Volta River Authority (VRA), Ghana Grid Company (GRIDCo), and Ghana Water Limited (GWL).
Dr Shafic Suleman, Acting Executive Secretary of Public Utilities Regulatory Commission, PURC.
During the event, these providers presented their short-term, medium-term, and long-term capital investment projects, which included network extensions, transformer upgrades, and meter replacements.
The PURC team scrutinized the presentations, asking questions and highlighting critical areas that require further analysis, such as funding sources and benefits to the energy and water sectors.
The Director for Legal Services, Mrs. Nancy Atiemo, also guided the utility providers through the draft investment hearing guidelines, outlining requirements, composition processes, and timelines for the main investment hearing scheduled for May 2025.
In his concluding remarks, Dr. Shafic Suleman, Ag. Executive Secretary of PURC, advised the utility providers to prioritize projects that offer immediate benefits to the energy and water sectors in the short term.
He also encouraged them to incorporate feedback from the PURC to update and present detailed and accurate presentations for the main investment hearing.
Source: https://energynewsafrica.com
Nigeria’s House of Representatives has secured a commitment from seven major oil companies to settle their outstanding debts totaling $37.4 million to the Federation Account before August 2025.
These companies include Belema Oil, Pan Ocean Oil Nigeria Ltd, Newcross Exploration & Production Ltd, Dubri Oil Company Ltd, Chorus Energy, Amni International, and Network Exploration.
The commitment follows the Public Accounts Committee’s scrutiny of financial records from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which revealed significant lapses in royalty payments and reconciliation processes across the sector.
The pledged repayment is part of a N9 trillion outstanding liability queried by the Auditor General for the Federation in his 2021 report submitted to the National Assembly.
Beyond these seven companies, the committee’s investigation has uncovered $1.7 billion owed by 45 oil and gas companies in unpaid royalty payments as of December 31, 2024.
Additionally, nine companies, including Aradel/Niger Delta, Chevron, and Seplat Energy, have contested their outstanding balances totaling $429.2 million and requested a reconciliation process with NUPRC.
The committee has directed that the reconciliation process be concluded within two weeks, after which companies must settle their confirmed debts without further delay.
Furthermore, 28 companies, collectively owing $1.2 billion, have failed to honor invitations by the committee or respond to public notices.
These companies have been given a one-week grace period to submit relevant documentation and appear before the committee, failing which they will face legislative and regulatory sanctions.
Source: https://energynewsafrica.com
Ghana has secured a significant grant of 1.92 billion Japanese Yen (approximately $13 million) from the Japanese government to stabilize electricity supply in Tamale City.
This grant is a testament to the strong diplomatic ties between Ghana and Japan, and is expected to enhance the reliability of electricity supply in Tamale and its surrounding areas.
The agreement was formalized through an Exchange of Notes signed between Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, and Japan’s Ambassador to Ghana, Yoshimoto Hiroshi, on Monday, March 10, 2025.
Minister Ablakwa emphasized the significance of the grant, stating that it reflects the outstanding bond of friendship between Ghana and Japan.
This project aims to address frequent power fluctuations that have impacted businesses and households in Tamale.
Japan has been a long-standing development partner of Ghana, supporting various sectors, including infrastructure, healthcare, and education.
Government officials are optimistic that the project will boost economic activities in Tamale, a key commercial hub in the Northern Region, and improve living conditions for residents.
Source: https://energynewsafrica.com
Russian soldiers used a natural gas pipeline to launch an attack on Ukrainian forces in the Russian region of Kursk and push them out of three more local settlements, media have reported.
Citing a Russian war blogger, publications reported that the soldiers walked some 10 miles inside the pipeline to reach their destination.
According to Euronews, which cited Ukrainian government sources, some of the soldiers spent several days in the pipeline before reaching the town of Sudzha where the attack took place.
The pipeline was previously used to carry Russian natural gas to Europe. The Ukrainian sources cited by the publication said the Russians were losing in Kursk.
Reuters, meanwhile, said the Russians have recaptured three local towns, Malaya Lokhnya, Cherkasskoye Porechnoye and Kositsa, all north of Sudzha, citing a Defense Ministry statement saying that “The Russian Federation’s armed forces are continuing to rout groups of the Ukrainian army on the territory of Kursk region.”
The Urengoy-Pomary-Uzhgorod pipeline was until the end of last year used to transport Russian gas to Europe via the Ukraine.
At the end of 2024, however, the Zelensky government refused to extend its contract with Gazprom despite some European leaders’ protests, and ended the last flow of Russian pipeline gas to Europe.
Imports of Russian liquefied natural gas, meanwhile, hit a record high last year, despite a stated efforts by European leaders to reduce and eventually end the dependence of the continent on Russian energy commodities.
The year saw imports of 16.5 million tons of Russian LNG, the Financial Times reported in December, citing data from Kpler. The amount beat the previous record of 15.21 million tons, set in 2022.
“What we have seen this year is surprising,” Ana Maria Jaller-Makarewicz, an analyst at climate outlet the Institute for Energy Economics and Financial Analysis told the FT. “Instead of gradually reducing Russian LNG imports, we are increasing them.”
Source: Oilprice.com
The Energy Regulation Board (ERB) has dismissed reports that Zambia is currently exporting 120 Megawatts (MW) of power to the Republic of the Democratic Republic of Congo.
A statement issued by ERB clarified that the recent Power Supply Agreement (PSA) signed between ZESCO Limited and Petrodex LCC of Congo DR was for ZESCO to supply Zambia with up to 120MW in the future and not presently.
The ERB Manager for Public Relations, Namukolo Kasumpa (Mrs.), clarified that Zambia is not currently exporting 120MW to Congo DR as reported in some media platforms.
According to her, Zambia presently exports only 30MW to Petrodex LCC under pre-existing agreements made before the country’s ongoing energy crisis.
The agreement stipulates that exports beyond 30MW would only occur once Zambia’s hydrological conditions and inland power generation exceed 700MW, ensuring that domestic power supply remains a priority before any increase in exports.
The ERB reaffirmed its commitment to effectively regulate the energy sector and remain responsive to stakeholder needs to achieve sustainable, reliable and quality energy products and services.
Source: https://energynewsafrica.com
The United States will embrace energy from a diversity of sources – from coal to natural gas to nuclear power to solar energy – to increase access across Africa, said U.S. Secretary of Energy Chris Wright on Friday.
Speaking at the Powering Africa Summit in Washington, D.C., Wright said the new U.S. administration would partner with African governments and businesses, allowing them to drive their own energy agenda to increase economic growth and prosperity around the continent.
“The only goal of energy is to expand human opportunity. Make us live longer. Healthier. More opportunities for us and our kids. Increase food security. Increase heating security.
It’s foundational,” Wright said. “Africa needs massively more energy. Africans will do that. Africans will deliver that. The United States is thrilled to partner with you in that endeavour.”
Wright said the U.S. will not limit the type of energy projects it will finance, noting that “there’s no technology I don’t like.” Instead, he said, the government will prioritize mutually beneficial relationships between government and business that foster entrepreneurship and a growing middle class, which are currently being stifled by a lack of access to energy and capital.
“How can we harness that entrepreneurial spirit with some technology assistance, lower cost capital from the United States to make things happen? … We don’t have a top-down grand plan,” Wright said. “We’re not going to decide what you want. You decide what you want. Your citizens, your people, decide what they want. We want to be your technology partners, providing capital and partnering in any way we can to pursue that goal.”
Nigerian Minister of Power Adebayo Adelabu credited Powering Africa Summit with fostering critical discussions and catalyzing partnerships to transform Africa’s energy landscape, which include mobilizing investments, making policy reforms, and expanding access to stable, functional, and reliable electricity on the continent. He stressed the importance of working with the U.S. to do so.
“In Nigeria, Power Africa has played a pivotal role in supporting our approach of policy reforms, infrastructure development programs, leveraging bilateral funding to derisk investments, sector commercialization, and strategic partnership with the investment community,” Adelabu said. “The presence of strong U.S.-Africa collaboration has not only improved infrastructure, it has also stimulated growth and job creation.”
Energy poverty remains one of the most pressing challenges in Africa, he said, with over 600 million people lacking access to reliable energy, which harms economic development and social wellbeing. To bridge that gap, innovative solutions and sustained partnerships are required, Adelabu said.
“Energy poverty isn’t solved by wishful thinking. It’s solved by power plants that come online as quickly as possible. The focus must be on large-scale projects, reducing the ridiculous, yearslong bureaucratic processes that hamper progress. And by unleashing U.S. private enterprise by eliminating hurdles contrary to achieving our goals,” said Sun Africa Chief Executive Officer Adam Cortese. “The administration’s all-in-one energy strategy is the backbone of this vision. A practical, no-nonsense plan that embraces every tool in the toolbox to deliver results.”
“It’s clear that U.S. policy is energy access for all Africans, and they will partner with businesses from a diversity of sectors to achieve that goal,” said Simon Gosling, Managing Director of EnergyNet.
Source: https://energynewsafrica.com
He also encouraged them to incorporate feedback from the PURC to update and present detailed and accurate presentations for the main investment hearing.
Source: https://energynewsafrica.com 
The agreement was formalized through an Exchange of Notes signed between Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, and Japan’s Ambassador to Ghana, Yoshimoto Hiroshi, on Monday, March 10, 2025.
Minister Ablakwa emphasized the significance of the grant, stating that it reflects the outstanding bond of friendship between Ghana and Japan.
This project aims to address frequent power fluctuations that have impacted businesses and households in Tamale.
Japan has been a long-standing development partner of Ghana, supporting various sectors, including infrastructure, healthcare, and education.
Government officials are optimistic that the project will boost economic activities in Tamale, a key commercial hub in the Northern Region, and improve living conditions for residents.
Source: https://energynewsafrica.com 
