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Kenya Power - what's the latest?
murchr
#41 Posted : Friday, May 10, 2013 7:12:05 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
A lesson for me. Populism not sense will always won out. Sigh, I shall bail out ASAP. Where's @thedeal who prefers Umeme to KPLC... Careful what happened to us in KPLC doesn't happen to you in Umeme.


smile
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
For Sport
#42 Posted : Friday, May 10, 2013 8:24:14 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Glad I recently bailed out. the stingy dividends were not very encouraging. And the DPs statements show who is boss here (definitely not the shareholders).
mkonomtupu
#43 Posted : Friday, May 10, 2013 9:03:58 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
i read what the Ruto had to say and I was horrified for a moment. Has the guy read the contracts that Kenya power has entered into with the independent power producers? Has he seen the contracts with Turkana wind power project? That's what you call a road side declaration even Moi would not go that low. Does he realise just a few years back Kenya power was on the brink of insolvency yet he says "we cannot subsidise Kenya Power operations forever". The GoK had to do a balance sheet clean up to get this damn thing on the road to recovery. I think they should delist this company and the govt should keep it's inefficient parastatals to itself instead of duping the investing public
dunkang
#44 Posted : Friday, May 10, 2013 9:29:56 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
On the other hand, what would have the 25p.c rate hike meant to the entire economy?
Receive with simplicity everything that happens to you.” ― Rashi

2012
#45 Posted : Friday, May 10, 2013 9:34:38 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I think this is a good challenge for KPLC. I'm a shareholder and I also think KPLC needs to be more efficient and expand. Only 6% of Kenya's population has electricity after 50 years of independence with KPLC in existence.
KPLC needs a manager and not an engineer at the helm and you'll see that's why Kengen is doing well and KPLC is not.

BBI will solve it
:)
mkonomtupu
#46 Posted : Friday, May 10, 2013 9:37:49 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
dunkang wrote:
On the other hand, what would have the 25p.c rate hike meant to the entire economy?


The economy still has to pay either by buying power from IPPs or paying through debt and government guarantees for new power projects. Remember in this country after the controversy over the Turkwell project, we stopped building power plants for a decade because donors didn't want to touch energy sector because of civil/evil society noise like in Sondu miriu. We couldn't keep up with demand and in the year 2000 we had to source for expensive emergency power producers. Someone made good money there. Someone has to pay for power plants either our generation or our kids. choices have consequences
rryyzz
#47 Posted : Friday, May 10, 2013 9:52:18 AM
Rank: Member

Joined: 5/19/2012
Posts: 552
What ails this company are its operational inefficiencies. The company needs a CEO who's not risen up the ranks from within, someone who will be bold enough to crack the whip on his managers.This is currently lacking, look at the companies responses to consumer complaintsShame on you Shame on you Shame on you
KENGEN, has managed to recruit managers from outside the energy sector and its performance can be seen. Compare this with KPLC.

The company will still make huge profits at its current tariffs if only it reins in on its inefficiencies.
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.... Leo Buscaglia
dunkang
#48 Posted : Friday, May 10, 2013 9:59:03 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
2012 wrote:
Only 6% of Kenya's population has electricity after 50 years of independence with KPLC in existence

propaganda at its best. Post the truth and ashame the devil!
Receive with simplicity everything that happens to you.” ― Rashi

VituVingiSana
#49 Posted : Friday, May 10, 2013 10:03:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
dunkang wrote:
On the other hand, what would have the 25p.c rate hike meant to the entire economy?
The increase was for the fixed charge not the entire bill. The KES/USD has gone from the low 70s to 84 [upto 107] since the rate update. The USD lenders don't give a ruto discount.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#50 Posted : Friday, May 10, 2013 10:09:10 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
2012 wrote:
I think this is a good challenge for KPLC. I'm a shareholder and I also think KPLC needs to be more efficient and expand. Only 6% of Kenya's population has electricity after 50 years of independence with KPLC in existence.
KPLC needs a manager and not an engineer at the helm and you'll see that's why Kengen is doing well and KPLC is not.
Kenya has a population of 44mn. 6% x 44mn = 2.64mn

Most people in urban Nairobi, Mombasa, Kisumu, Thika, Malindi, Eldoret, Nakuru, Nyeri, Voi, Magadi, etc have access to electricity. The urban population of the towns I have mentioned exceed 2.64mn. There are many other towns & rural areas not mentioned which have access to electricity including Kakamega, Webuye, Lamu, Garissa, Moyale, Muranga, Namanga, Bungoma, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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