KenGen reveals former CEO was a high salary earner

first_img Generation UNDP China, CCIEE launch report to facilitate low-carbon development AFD and Eskom commit to a competitive electricity sector Finance and Policy Previous articleRatings agency downgrades SA debt ratingsNext articleRwanda: Low electricity penetration hampers SME growth Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. BRICScenter_img RELATED ARTICLESMORE FROM AUTHOR Low carbon, solar future could increase jobs in the future – SAPVIA Featured image:Albert Mugo. Source: RICH Management Former chief executive officer at the Kenya Electricity Generating Company (KenGen), Albert Mugo, has been highlighted as one of the highest paid utility executives among State-owned firms.According to the Daily Nation, Mugo earned a total of Sh2.2 million ($19,361) monthly, which surpasses that of former Kenya Power managing director Ben Chumo, who earned Sh1 million ($9,681) monthly.KenGen revealed to shareholders this week that the now retired Mugo’s pay rose 27% in the year to June to Sh23.7 ($232,336) million annually, translating to an average monthly pay of Sh1.97 million ($19,361).It is reported that KenGen trails the pay package of bigger firms listed on the Nairobi Securities Exchange.Mugo retired in August and was replaced by Rebecca Miano, the first woman to occupy the seat.KenGen new CEOEarlier this month, KenGen announced that Miano had officially taken the reigns as the company’s managing director and CEO.Prior to this role, she was responsible for driving the corporate governance agenda in the company, providing guidance and support to the Board and has been the secretary to the board and all its committees.Miano is among the speakers at the Future Energy East Africa, which will be taking place on Wednesday at the Safari Park Hotel in Nairobi.Tuesday 28 November has been declared a public holiday due to the Presidential inauguration. This will, however, not affect our event which will go ahead as planned on Wednesday 29 and Thursday 30 November. #FutureEnergy #EastAfrica— Future Energy Africa (@FutureEnergyHub) November 27, 2017Among the topics to be tackled include the following:What is the vision for the digital utility?– Will there be a new way of running a utility?– How can you combine digital technologies and operations capabilities?last_img

Leave a Reply

Your email address will not be published. Required fields are marked *