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KenGen HY 2019
#521 Posted : Monday, June 29, 2020 9:13:05 AM
Rank: Elder

Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Angelica _ann wrote:
Spokesperson's Office
State House, Nairobi

Friday, 19th June 2020

Press Statement

*President Kenyatta nominates Ms Nancy Janet Kabui Gathungu for position of Auditor General*

His Excellency President Uhuru Kenyatta has nominated Ms Nancy Janet Kabui Gathungu for the position of Auditor General.

Ms Gathungu was the first among the top three (3) candidates presented to His Excellency the President for nomination by the Recruitment Panel for the Selection of the Auditor General as set out in law.

Consequently, His Excellency the President has forwarded the name of Ms Nancy Janet Kabui Gathungu to the National Assembly for vetting.

Kanze Dena Mararo

Applause Applause Applause Applause

The news has excited the share price today

Unnecessary excitement...i highly doubt KENGEN will pay dividend in respect to FY 2018/19...They havent been paid a sinGle cent for their olkaria V 158MW plant since commissioning last october....

2018/2019 or did you mean 2019/2020

The Accounts waiting AUDIT and DIVIDEND decision is FY 2018/19...2019/2020 is still an uncertain future. KenGen has huge receivables, almost 4B shillings for olkaria V....which is pending since it was NOT included in the current tariff regime..plus Force Majeure declaration by KPLC due to COVID should affect their cash and revenues

2019/2020 FY they will get a tax credit for Olkaria V
#522 Posted : Wednesday, July 01, 2020 6:22:00 AM
Rank: Member

Joined: 11/17/2018
Posts: 145
Location: Mars

Had a chance to watch this interview. A key line that may be important is how she mentioned that they will be able to assess the full impact of the Covid-19 pandemic in the coming months and disclose it in line with their "reporting requirements". The only reporting requirement that would cover this seems to be a cautionary statement.

Olkaria V also appears to be one of the power plants affected by force majeure but this wasn't discussed in the interview.
#523 Posted : Wednesday, July 01, 2020 5:58:10 PM
Rank: Elder

Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI
In today's newspaper KENGEN has applied for an electric power generation license for Olkaria 1 Unit 6 83.3 MW.
Construction of the plant is scheduled to be completed next year.
#524 Posted : Friday, July 03, 2020 9:22:59 AM
Rank: Elder

Joined: 12/4/2009
Posts: 8,531
Location: NAIROBI

MPs to vet nominee for Auditor general before going for a month recess
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