Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mkeiyd wrote:Pesa Nane wrote:mwekez@ji wrote:KenGen Plans to Raise $5.5 Billion to Fund ExpansionKenya Electricity Generating Co., the East African nation’s biggest power producer, said it will raise $5.5 billion in debt and equity to more than double generating capacity over the next 40 months. The company plans to generate 2,500 megawatts of additional capacity in that period, acting Chief Executive Officer Simon Ngure told reporters today in the capital, Nairobi. About 70 percent of the funds will come from development finance institutions, while the remainder will be sourced from equity including joint ventures, he said. I had missed the all important $ sign. There goes the rights issue confirmation. Is it rights issue or a deep-pocketed strategic investor getting a chunk? Dilution nonetheless! USD 5,500,000,000.00 = Debts + Rights issue + Strategic investor(s) + Joint Ventures Pesa Nane plans to be shilingi when he grows up.
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