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Kenya Power HY 2019
Ericsson
#261 Posted : Monday, September 21, 2020 8:30:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
mlennyma wrote:
Metch wrote:
moneydust wrote:
[quote=VituVingiSana]https://www.businessdailyafrica.com/corporate/companies/Kenya-Powers-debt-to-KenGen/4003102-5622800-14nte8oz/index.html


This company is soon going the Kenya Airways way...it's only lucky that it's too big to fail otherwise it would be headed the Uchumi way


The tragedy is pulling KEGN down with it.
Soon we'll buy KEGN for a song so cheap I wont mind the long wait to recoup

they have no where else to sell their power


The tough question is how will Kenya Power get out of its financial hole.



Gok should reduce its shareholding from the current 50% to 25%.That way management of the company will improve and finances will be healthy.

Government shareholding in Mumias is at 20% and Uchumi less than 15%.
We all know what happened to both of them.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#262 Posted : Sunday, October 04, 2020 9:14:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
https://www.standardmedi...-to-cut-firms-power-use

There is excess power,firms should be encouraged to consume more
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
heri
#263 Posted : Tuesday, October 06, 2020 10:46:47 AM
Rank: Member


Joined: 9/14/2011
Posts: 782
Location: nairobi
Who has some insights on the proposed 20% increment in power tariffs that KPLC is seeking

I see that there is a case in court on the same
Ericsson
#264 Posted : Tuesday, October 06, 2020 11:27:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
heri wrote:
Who has some insights on the proposed 20% increment in power tariffs that KPLC is seeking

I see that there is a case in court on the same

https://www.businessdail...-increase-freeze-2301550
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#265 Posted : Tuesday, October 06, 2020 4:03:45 PM
Rank: Member


Joined: 2/20/2015
Posts: 389
Location: Nairobi
Ericsson wrote:
[quote=heri]Who has some insights on the proposed 20% increment in power tariffs that KPLC is seeking

I see that there is a case in court on the same

https://www.businessdail...increase-freeze-2301550[/quote]

I have read it here in Wazua that new power plants e.g Olkaria 5 capacity charges have not been loaded onto power bills. If true i believe KenGen will take a hit on delay of power tariffs.
Ericsson
#266 Posted : Tuesday, October 06, 2020 6:49:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
[quote=heri]Who has some insights on the proposed 20% increment in power tariffs that KPLC is seeking

I see that there is a case in court on the same

https://www.businessdail...increase-freeze-2301550[/quote]

I have read it here in Wazua that new power plants e.g Olkaria 5 capacity charges have not been loaded onto power bills. If true i believe KenGen will take a hit on delay of power tariffs.


This should have been on the kengen thread
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Extraterrestrial
#267 Posted : Thursday, October 15, 2020 10:42:28 AM
Rank: Member


Joined: 11/17/2018
Posts: 153
Location: Mars
Catastrophe is not far...
KaunganaDoDo
#268 Posted : Thursday, October 15, 2020 8:00:57 PM
Rank: Member


Joined: 8/6/2018
Posts: 273
Extraterrestrial wrote:
Catastrophe is not far...


The Release of Full Year 2019/20 Financials will most certainly be delayed due to late engagement with new external auditors
Ericsson
#269 Posted : Thursday, October 15, 2020 11:58:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
KaunganaDoDo wrote:
Extraterrestrial wrote:
Catastrophe is not far...


The Release of Full Year 2019/20 Financials will most certainly be delayed due to late engagement with new external auditors


Who are the new external auditors
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KaunganaDoDo
#270 Posted : Friday, October 16, 2020 5:02:19 AM
Rank: Member


Joined: 8/6/2018
Posts: 273
Ericsson wrote:
KaunganaDoDo wrote:
Extraterrestrial wrote:
Catastrophe is not far...


The Release of Full Year 2019/20 Financials will most certainly be delayed due to late engagement with new external auditors


Who are the new external auditors

E&Y
Extraterrestrial
#271 Posted : Friday, October 16, 2020 10:08:25 AM
Rank: Member


Joined: 11/17/2018
Posts: 153
Location: Mars
KaunganaDoDo wrote:
Extraterrestrial wrote:
Catastrophe is not far...


The Release of Full Year 2019/20 Financials will most certainly be delayed due to late engagement with new external auditors


But of course, how could I forget the annual ritual? Profit warning ➡️ delayed publication of results ➡️ worse results than the previous year
VituVingiSana
#272 Posted : Tuesday, October 20, 2020 2:36:14 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,249
Location: Nairobi
KenGen fines Kenya Power Sh722m for late payments

https://www.businessdail...or-late-payments-2485144
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#273 Posted : Tuesday, October 20, 2020 6:15:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,951
Location: NAIROBI
[quote=VituVingiSana]KenGen fines Kenya Power Sh722m for late payments

https://www.businessdail...r-late-payments-2485144[/quote]

Kidogo you will hear such costs to be passed on to the consumer.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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