I sold most of my Kengen. I am selling remaining few today. I have decided to be in cash temporarily

Let me consider it. I need another ride of 30% by end year

I am looking for 100% gain or more.

@Sparkly. well done, though speculating is an emotional rollercoaster

Kenya and Japan on Wednesday yesterday signed a Ksh 41 billion ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said.

The Olkaria V,which will be built by the Nairobi Securities Exchange Listed-Kenya Electricity Generating Company (KenGen), which has said it expects to begin construction in July, with the plant arriving on the grid by the end of 2018.

The plant is part of KenGen’s plans to add 720 MW of electricity – most of it from geothermal sources – to the grid between this year and 2020, at a cost of just over $2 billion.

“The credit we have received today will fund the construction of a power generation plant to tap on the vast geothermal steam at Olkaria Geothermal field for generation of additional 140 MW electricity to be put to the national grid,” National Treasury Cabinet Secretary Henry Rotich said after signing the agreement.

Kenya, which depends mostly on renewable energy such as geothermal and hydro power, plans to increase it power generating capacity to about 6,700 MW by 2017, from about 2,500 MW currently. It also aims to cut electricity bills, tackling problems regularly blamed for holding back Kenyan business.

KenGen has a commitment to produce 844 MW for the grid under the plan, and says it had already added 374 MW.

the long period of colonial rule helped south Africa development wise because the whites were developing the country, africans are best at eating everything

Kawi254 does this unit run cost free. No maintenance, shutdowns, operations direct cost. You did well to pull a cat out of the bag, say operating margin for this firm before depreciation is say 2bn. Very generously. And say entire figure goes to offsetting the principal, that translates to over 20 yrs without paying interest. Correct me where am wrong. If wishes were horses, I would be owning a geothermal field coz I would do better.

I like Kengen for the quick turn-around of revenues:

i) Cheap loans to do feasibility, drilling, well development, design, procurement, build, installation and commissioning.

ii) Drilling for third parties e.g Akira Power as a source of revenue

iii) Selling steam to Oserian and others for additional revenue.

iv) Mobile well-head technology to produce power at the steam well sites, before the fully pledged plants are commissioned.

v) Priority uptake of geothermal energy from KPLC upon commissioning.

vi) Tariff paid for installed capacity and actual power sales by KPLC.

vii) Higher than expected availability due to the new plants and non-seasonality of geo-thermal.

viii) Push through of foreign exchange losses to consumers through the PPA hence protection from FOREX losses.

viii) 150% tax allowances on the power plants in first year of use, meaning a lower effective tax rate.

The only draw back is the high capital requirements and low return on assets but if you can get in at a low stock price, this is a keeper.

Kenjen is a stress central fiasco. You will be treated to high above market capex, tenderprenuerism and kick backs will leave you yawning for dividends or real growth, gavas flirting fingers will never allow this co make a virgin neither a bride for that valued dowery. Scams against scam right left centre. And like if that's not enough, you will be washed washed now to the end n then mega rights and dilution kibao. Once geothermal binge is over, then will start on solar or something else like nukes and you will have grown grey hair, lost teeth and life juice like huyo watchman anayengojea battery ya chrolide from his boss.

The average ROI for a power station in Africa is about 20-25 years.
In Europe they are trying to work on a formula that will have the ROI being 11 years