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34 Pages«<3031323334>
KenGen HY 2019
Ericsson
#621 Posted : Wednesday, November 25, 2020 11:05:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FUNKY wrote:
Ericsson wrote:
#KenGenEnergyCafe

Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%.

It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year.

Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt.

KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn.

All new invoices to be REGULARLY cleared.

There was recently talk about GoK giving Kengen debt relief.

To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic.

Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year.

Rebecca_miano says the following are under feasibility study:

Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW.

Raising the height of Masinga Dam Spillway by an additional 1.5Metres.


This share is really undervalued!
I like Miano but vitu vya Sirikali ni d'oh!
I have KenyaRe and the ups and downs Laughing out loudly Remember they almost kicked out Mwarania. Plus the (non-corrupt) motivations may be for other reasons eg political.

Kenya Re had deposits with NBK and Consolidated Bank because of GoK.

KenGen might not be allowed to squeeze KPLC for the same political reasons. Miano has done a good job though!


From the annual report 2019,I don't see consolidated bank and NBK as one of their bankers or deposits there.
Consolidated bank,Kenya Re bought their corporate bond which was fully repaid last year.
NBK they were number 3 on the shareholders list,but this was converted to KCB shareholding post acquisition.
The Consolidated Bond was "renewed" wapende, wasipende. https://businesstoday.co...r-wait-for-bond-payout/

Yes, there were deposits with NBK at one point. And shares in NBK they could not sell. Luckily they were able to get KCB shares instead of the NBK crap.


Deposits with NBK at one point is old news that was overtaken with time.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#622 Posted : Saturday, November 28, 2020 12:23:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
Kenya has dropped Independent Power Producers (IPPs) as project partners in geothermal power production due to their perceived sluggishness in supporting govt efforts to generate clean energy.

Govt will now work with state owned power producer - Kengen.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#623 Posted : Saturday, November 28, 2020 4:08:17 PM
Rank: Member


Joined: 2/20/2015
Posts: 404
Location: Nairobi
Ericsson wrote:
Kenya has dropped Independent Power Producers (IPPs) as project partners in geothermal power production due to their perceived sluggishness in supporting govt efforts to generate clean energy.

Govt will now work with state owned power producer - Kengen.


Is this as a result of no traction at Menengai GDC wells OR the briefcase Suswa geothermal company OR the more recent PPP Olkaria project advertised by Kengen?

Ericsson
#624 Posted : Tuesday, December 01, 2020 12:52:35 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
128MW of thermal power being decommissioned next year (2021).
Kipevu 2----74MW
Embakasi Gas Turbine 1---27MW
Embakasi Gas Turbine 2---27MW
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#625 Posted : Sunday, December 06, 2020 11:30:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
https://nation.africa/ke...-the-back-burner-3213664
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#626 Posted : Sunday, December 06, 2020 11:51:34 PM
Rank: Member


Joined: 2/20/2015
Posts: 404
Location: Nairobi
Ericsson wrote:
https://nation.africa/kenya/business/-new-wind-power-plans-put-on-the-back-burner-3213664


If the short rains fail (as they are, La Nina) where will they get the spinning reserve? If they have to get the spinning reserve from thermal we are cooked. Another 100 MW Kipeto wind project is complete and is undergoing testing before joining the grid.

Kenya Energy problems begin with badly negotiated PPAs...and Jubilee flawed energy demand forecasting.
Ericsson
#627 Posted : Wednesday, December 09, 2020 8:30:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://nation.africa/kenya/business/-new-wind-power-plans-put-on-the-back-burner-3213664


If the short rains fail (as they are, La Nina) where will they get the spinning reserve? If they have to get the spinning reserve from thermal we are cooked. Another 100 MW Kipeto wind project is complete and is undergoing testing before joining the grid.

Kenya Energy problems begin with badly negotiated PPAs...and Jubilee flawed energy demand forecasting.


They will increase geothermal power generation and use the hydro as spinning reserve
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#628 Posted : Tuesday, December 15, 2020 7:40:01 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
https://mobile.twitter.c...687327271575553/photo/1

Extension of delay in publication of FY2019/2020 results to January 31 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
AndyC
#629 Posted : Thursday, December 17, 2020 12:34:32 PM
Rank: Member


Joined: 4/21/2015
Posts: 141
This is the day we receive the 25cts.Hope it will not be delayed.
kenyan2019
#630 Posted : Thursday, December 17, 2020 1:45:47 PM
Rank: New-farer


Joined: 12/30/2018
Posts: 67
AndyC wrote:
This is the day we receive the 25cts.Hope it will not be delayed.



Tone na tone hujaza ndoosmile smile
Ericsson
#631 Posted : Tuesday, December 22, 2020 11:49:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
kenyan2019 wrote:
AndyC wrote:
This is the day we receive the 25cts.Hope it will not be delayed.



Tone na tone hujaza ndoosmile smile

Sasa ngoja the next one in Q2 2021 if it will be there
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kenyan2019
#632 Posted : Wednesday, December 23, 2020 9:32:27 AM
Rank: New-farer


Joined: 12/30/2018
Posts: 67
Ericsson wrote:
kenyan2019 wrote:
AndyC wrote:
This is the day we receive the 25cts.Hope it will not be delayed.



Tone na tone hujaza ndoosmile smile

Sasa ngoja the next one in Q2 2021 if it will be there



Inshallah
FUNKY
#633 Posted : Wednesday, January 06, 2021 4:49:31 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,634
sparkly
#634 Posted : Friday, January 08, 2021 10:46:35 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,945
Location: Enk are Nyirobi
FUNKY wrote:
https://www.businessdailyafrica.com/bd/news/counties/building-of-energy-plant-dandora-waste-to-start-3249122


Surely this is against our national ethos

Quote:
The NMS also plans to employ street children to separate solid waste before they are taken to the dumpsite
Life is short. Live passionately.
Ericsson
#635 Posted : Friday, January 08, 2021 10:46:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
https://www.businessdail...geothermal-deal-3250502

The operations in Ethiopia will give them a cushion since revenues in Kenya have stagnated and Kenya power cashflow issues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#636 Posted : Friday, January 08, 2021 12:13:58 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,402
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-makes-ethiopian-geothermal-deal-3250502

The operations in Ethiopia will give them a cushion since revenues in Kenya have stagnated and Kenya power cashflow issues

What % of total revenues from are expected from Ethiopia?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#637 Posted : Friday, January 08, 2021 3:47:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-makes-ethiopian-geothermal-deal-3250502

The operations in Ethiopia will give them a cushion since revenues in Kenya have stagnated and Kenya power cashflow issues

What % of total revenues from are expected from Ethiopia?


Figures yet to be disclosed
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#638 Posted : Saturday, January 23, 2021 2:51:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
Ericsson wrote:
https://mobile.twitter.com/ibn_ubady/status/1338687327271575553/photo/1

Extension of delay in publication of FY2019/2020 results to January 31 2021


5 days left/they have only next week.
Are they releasing the results or seeking a further extension.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#639 Posted : Monday, January 25, 2021 8:23:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,388
Location: NAIROBI
https://www.esi-africa.c...ts-to-kenyas-power-grid/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#640 Posted : Tuesday, January 26, 2021 12:44:24 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,809
Location: Nakuru
Ericsson wrote:
https://www.esi-africa.com/industry-sectors/renewable-energy/100mw-kipeto-wind-farm-connects-to-kenyas-power-grid/



Terrible news for Kenya Power shareholders. Another PPA to milk the cash cow a.k.a Kenya Power dry.
Dumb money becomes dumb only when it listens to smart money
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