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Kenya Power HY 2019
Balaa
#41 Posted : Sunday, June 30, 2019 10:09:54 AM
Rank: New-farer


Joined: 7/6/2018
Posts: 78
Location: Kinshasa
sparkly wrote:
kenyan2019 wrote:
DCI Kinoti probes Sh150b fraud at Kenya Power https://www.standardmedi...0b-fraud-at-kenya-power #GeorgeKinoti


Fraud been going on from 2014. Uncovered after hand shake. Sawa tu.


What the DCI is ostensibly not telling us is that a number of key gate keepers either slept on their jobs or abated these orchestrated economic crimes. For example, what is the role of Internal Audit units at Treasury and KPLC?
Have we really seen the last of such fraud?It is interesting that everytime there is an issue, another one seems to crop up and attention is shifted to the fresh "flavor of the month". Think about it...just the other day attention was focused on a governor from Rift Valley participating in uprooting tea from private land...then VP "assassination" allegations come up (The governor in question is coincidentally a strong supporter of the VP)...now KPLC (once again)...what next?
KaunganaDoDo
#42 Posted : Tuesday, August 13, 2019 9:12:11 AM
Rank: Member


Joined: 8/6/2018
Posts: 188
BKB wrote:
Up 10%

low volumes traded

Supply 0

Anything cooking over here...


MORE BAD NEWS coming from this counter this August...Legacy Malaise ....Kitchen Sink...SADNESS...Balls of steel
VyaBureSiachi
#43 Posted : Friday, August 16, 2019 10:40:57 AM
Rank: New-farer


Joined: 2/27/2018
Posts: 45
Location: Cambrian Dc
I suppose that these guys are not in a position to come and rescue us in kplc. We are in for the long haul..

https://www.cnbc.com/201...-on-its-accounting.html
If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
Extraterrestrial
#44 Posted : Thursday, September 05, 2019 11:13:51 AM
Rank: New-farer


Joined: 11/17/2018
Posts: 87
Location: Mars
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.
Ericsson
#45 Posted : Thursday, September 05, 2019 12:16:18 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,678
Location: NAIROBI
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with
kawi254
#46 Posted : Thursday, September 05, 2019 2:45:36 PM
Rank: Member


Joined: 2/20/2015
Posts: 349
Location: Nairobi
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.
Extraterrestrial
#47 Posted : Thursday, September 05, 2019 4:23:58 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 87
Location: Mars
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.
Ericsson
#48 Posted : Friday, September 06, 2019 7:15:00 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,678
Location: NAIROBI
KaunganaDoDo
#49 Posted : Friday, September 06, 2019 10:22:54 AM
Rank: Member


Joined: 8/6/2018
Posts: 188
Ericsson wrote:
https://www.capitalfm.co.ke/business/2019/09/kenya-power-commits-sh700-million-for-renewable-energy-in-off-grid-stations/


This is a worldbank supported project, to be operated by KPLC, though owned by REREC on behalf of the government, KENYA OFF GRID SOLAR PROJECT.
kawi254
#50 Posted : Friday, September 06, 2019 11:08:51 AM
Rank: Member


Joined: 2/20/2015
Posts: 349
Location: Nairobi
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.
chiaroscuro
#51 Posted : Friday, September 06, 2019 4:21:58 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,110
Location: Nairobi
kawi254 wrote:
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.


Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh

It's really that simple!
Extraterrestrial
#52 Posted : Friday, September 06, 2019 4:35:17 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 87
Location: Mars
chiaroscuro wrote:
kawi254 wrote:
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.


Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh

It's really that simple!


Use the figure for non-fuel costs.
kawi254
#53 Posted : Friday, September 06, 2019 7:43:36 PM
Rank: Member


Joined: 2/20/2015
Posts: 349
Location: Nairobi
Extraterrestrial wrote:
chiaroscuro wrote:
kawi254 wrote:
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.


Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh

It's really that simple!


Use the figure for non-fuel costs.



Small correction. Units sold is less power transmission losses. Correct figure is (Power Purchase costs/Units bought)

KShs 84.1 bn / 9,962 GWh = Sh8.44/kWh <-- Note 7. Power Purchase costs


Using Non-fuel costs in 2018 for OrPower 4 Inc (geothermal) who don't have a fuel cost part.

Power Purchase cost/Units bought: KShs 11,438,108,000 /1,185 Gwh = KShs 9.65/Kwh

Point is KPLC Power Purchase costs have increased. While in 2018 cheap Hydro will subsidize their cost in 2019 there is a big bump of 310MW from LTWP at around Sh 11/Kwh + Ketraco delays penalties in connecting LTWP + increased thermal due to reduced hydrology in 2019 (failed rains). The money has to come from somewhere. If GoK does not plug in to subsidize Lifeline + industries KPLC is not sustainable.
Extraterrestrial
#54 Posted : Friday, September 06, 2019 9:45:11 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 87
Location: Mars
kawi254 wrote:
Extraterrestrial wrote:
chiaroscuro wrote:
kawi254 wrote:
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.


Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh[/

It's really that simple!


Use the figure for non-fuel costs.



Small correction. Units sold is less power transmission losses. Correct figure is (Power Purchase costs/Units bought)

KShs 84.1 bn / 9,962 GWh = Sh8.44/kWh <-- Note 7. Power Purchase costs


Using Non-fuel costs in 2018 for OrPower 4 Inc (geothermal) who don't have a fuel cost part.

[b]Power Purchase cost/Units bought: KShs 11,438,108,000 /1,185 Gwh = KShs 9.65/Kwh


Point is KPLC Power Purchase costs have increased. While in 2018 cheap Hydro will subsidize their cost in 2019 there is a big bump of 310MW from LTWP at around Sh 11/Kwh + Ketraco delays penalties in connecting LTWP + increased thermal due to reduced hydrology in 2019 (failed rains). The money has to come from somewhere. If GoK does not plug in to subsidize Lifeline + industries KPLC is not sustainable.


You are using an incorrect figure to calculate the cost per unit. I reiterate; use the non-fuel costs. This is seperately stated in the main income statement (not the notes).
kawi254
#55 Posted : Friday, September 06, 2019 9:52:21 PM
Rank: Member


Joined: 2/20/2015
Posts: 349
Location: Nairobi
Extraterrestrial wrote:
kawi254 wrote:
Extraterrestrial wrote:
chiaroscuro wrote:
kawi254 wrote:
Extraterrestrial wrote:
kawi254 wrote:
Ericsson wrote:
Extraterrestrial wrote:
Kenya Power seeking upward tariff review, which EPRA is most likely to reject.


https://www.businessdail...1294-np08e7z/index.html

KPLC wants the lifeline tariff to be done away with



Lifeline tariff was political Uhurunomics.

Kenya Power is selling power below cost...not sustainable.


Actually the net cost per unit in FY17/18 was Sh6.06. It is the cost of operations that is ballooning and which they are desperately trying to cover.


The Feed In Tariff (FiT) (US $/Kwh) for project above 10MW:
Hydro = 0.0825 (Kengen is paid much less for Hydro)
Wind = 0.11
Geothermal = 0.088

With Geothermal making bulk of power produced at an average of KES 9/Kwh + Transmission costs + KPLC margin + Expensive thermal costs (thermal PPAs not public) then i doubt net cost can be below KES 10/Kwh .

In-fact the bulk power purchased by large industries/consumers at around KES 8/Kwh is also below cost. Looks like the middle class subsidize everyone i.e large manufactures + Lifeline consumers.


Simple math: Pick up latest KPLC annual report [https://www.kplc.co.ke/AR2018/KPLC%20Annual%20Report%2017_12_2018_Wed.pdf]. Check for total units sold. Check for power purchase costs. Divide.

SH84bn / 7.9bn kWh = Sh10.63/kWh[/

It's really that simple!


Use the figure for non-fuel costs.



Small correction. Units sold is less power transmission losses. Correct figure is (Power Purchase costs/Units bought)

KShs 84.1 bn / 9,962 GWh = Sh8.44/kWh <-- Note 7. Power Purchase costs


Using Non-fuel costs in 2018 for OrPower 4 Inc (geothermal) who don't have a fuel cost part.

[b]Power Purchase cost/Units bought: KShs 11,438,108,000 /1,185 Gwh = KShs 9.65/Kwh


Point is KPLC Power Purchase costs have increased. While in 2018 cheap Hydro will subsidize their cost in 2019 there is a big bump of 310MW from LTWP at around Sh 11/Kwh + Ketraco delays penalties in connecting LTWP + increased thermal due to reduced hydrology in 2019 (failed rains). The money has to come from somewhere. If GoK does not plug in to subsidize Lifeline + industries KPLC is not sustainable.


You are using an incorrect figure to calculate the cost per unit. I reiterate; use the non-fuel costs. This is seperately stated in the main income statement (not the notes).



iishe. I am no expert in calculating the figures and the figures are not the issue. The issue is KPLC Power Purchase are up with no corresponding increase in power selling price so profits will dip. They can reduce expenses but what are the chances they will?
Superprime1
#56 Posted : Sunday, September 08, 2019 3:26:09 PM
Rank: Member


Joined: 5/2/2018
Posts: 237
@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate...
KaunganaDoDo
#57 Posted : Monday, September 09, 2019 10:27:49 AM
Rank: Member


Joined: 8/6/2018
Posts: 188
Superprime1 wrote:
@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate...


we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.

Extraterrestrial
#58 Posted : Monday, September 09, 2019 12:23:18 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 87
Location: Mars
KaunganaDoDo wrote:
Superprime1 wrote:
@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate...


we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.



Brilliant @KuanganaDodo
Superprime1
#59 Posted : Monday, September 09, 2019 10:35:48 PM
Rank: Member


Joined: 5/2/2018
Posts: 237
KaunganaDoDo wrote:
Superprime1 wrote:
@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate...


we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.


Laughing out loudly Laughing out loudly Damn, it's that bad!
Superprime1
#60 Posted : Monday, September 09, 2019 10:39:01 PM
Rank: Member


Joined: 5/2/2018
Posts: 237
KaunganaDoDo wrote:
Superprime1 wrote:
@KaunganaDodo When are full year results out and what should we anticipate on this one? Last time you were quite accurate...


we can start with the known knowns first, which is that "there will be no Dividends Declared this year" The other known unknowns and other Unknown Unknowns will be Known at day break. Its still midnight,unknown unknown phantom figures are walking around the compounds looking for Creatures crawl in search of blood. I would rather Pee inside here than open the midnight door in search of the known pit latrine hidden in the known darkness where unknown unknown creatures crawl.


Laughing out loudly Laughing out loudly Damn, it's that bad!
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