Energy Cabinet Secretary, Charles Keter has urged companies in Kenya to embrace innovation in order to excel in the current business environment and become sustainable.
The CS noted that businesses which have grown and succeeded in today’s challenging business environment have done so because of innovation.
“Businesses which have grown and succeeded in today’s corporate climate have done so after embracing innovation. The world is replete with innovations which have completely changed processes, and disrupted the status quo,” Keter said.
He was giving a key note address during the 8th annual Good to Great (G2G) Global Innovation Seminar of the Kenya Electricity Generating Company PLC (KenGen).
Keter lauded KenGen for continuously innovating, saying its efforts have helped place the country among the world’s best on energy matters.
“I am aware the company is currently the go-to organization on matters touching on geothermal energy production. KenGen has offered geothermal drilling and consultancy services to other countries in Africa such as Comoros, Djibouti, Rwanda and Ethiopia, among others,” said the CS.
Keter said the strides KenGen had made through the annual G2G seminar were worth celebrating.
“Today, we are enjoying the benefits of the wellhead Technology and the largest Geothermal SPA in Africa. Considering the developments, it is clear innovation is our forte, and if we continue that way, we will put Kenya firmly on the part to prosperity,” the CS added.
The KenGen Managing Director and CEO, Mrs. Rebecca Miano said diversification was critical to the company, especially during this COVID-19 Pandemic.
Diversification, she added, had enabled KenGen to expand its operations to other countries in the continent, thereby increasing the company’s revenue streams.
KenGen, she added, had remained stable during the current COVID-19 pandemic.
“Even as we discuss new ways of operating and emerging opportunities, it is worth noting that during this period, KenGen has remained stable. We have been able to continue with our projects, some of which are outside the country,” said Mrs. Miano.
She expressed optimism that KenGen would continue providing affordable and reliable electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders. This is even more important now that electricity has been classified as an essential service.
KenGen Board Chairman, Mr. Joshua Choge said the company was open to innovative ideas from its stakeholders and communities.
“A good place to start will be through ‘Beyond’, the digital open innovation platform which provides avenues for the company to go beyond its internal resources in tapping into value creating ideas.
This year, KenGen is holding its 8th Global Innovation Seminar online as a result of the Coronavirus Disease (COVID-19) pandemic. The theme for this year’s seminar is Diversification for Growth.
The Global Innovation Seminar is an initiative under the company’s Good-to-Great Transformation Strategy. The initiative, which has a special focus on innovation and continuous improvement, brings together employees, local and international stakeholders.