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Wrangles at KenGen over illegal reappointment of directors

Nairobi by Nairobi
December 18, 2021
in Kanairo
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Wrangles at KenGen over illegal reappointment of directors
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Two directors were picked after expiry of their two terms of three years each

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The Kenya Electricity Generating Company (KenGen) is on fire after wrangles emerged over the appointment of two directors whose terms had expired.

KenGen had announced that Joseph Sitati and Maurice Nduranu would be retired after expiry of their two terms which holds three years each.

However, the National Treasury voted the two in despite serving the maximum two terms.

KenGen had said in its AGM notice. “Mr Joseph Sitati who retires in accordance with Article 104 of the Articles of Association of the company does not offer himself for reelection as a director of the company?’ They both first joined KenGen’s board on December 16, 2015, as non-executive directors for initial three-year terms which were renewed on December 11, 2018, for another three years. This means that they had exhausted their tenure of six years.

Am analyst on Twitter said that the energy producer is trying to drown these Wrangles through sponsorship of content about geothermal exploration in the media.

KTN reported that Kengen is in talks with 3 countries for geothermal drilling contracts; DRC, Comoros & Rwanda. This comes after successful & ongoing projects in Ethiopia & Djibouti.

The parastatal recently won a top Public relations award for new media.  This announcement was made over the weekend during the Public Relations Society of Kenya (PRSK) annual awards Gala Dinner held in Nairobi.

 

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KenGen defends itself against forced appointment of board members

KenGen defends itself against forced appointment of board members

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