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Kenya Power FY2017
mlennyma
#71 Posted : Thursday, December 14, 2017 1:08:40 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/Shareholders-vote-Marende-off-Kenya-Power-board/4003102-4227950-2dplcuz/index.html



that was a good move from shareholders.Political appointees dont add value to a business.

share doing huge volumes at 9.50
"Don't let the fear of losing be greater than the excitement of winning."
Elephant Man
#72 Posted : Thursday, December 14, 2017 6:25:40 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
@Ebenyo...I agree political appointees rarely add value to a business, but the largest shareholder in KPLC is GoK...hence appointment of Zipporah Kering - a failed politician (at least at the 2017 Jubilee nominations) - should give minority shareholders sleepless nights, as did one of her predecessors, Chesiyna - who failed in the 2013 nomination but succeeded in the 2017 one...

Dynamic duo keeping their promises of jobs for the boys (and girls) who failed in the Jubilee nominations...
Ebenyo
#73 Posted : Thursday, December 14, 2017 9:37:28 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Elephant Man wrote:
@Ebenyo...I agree political appointees rarely add value to a business, but the largest shareholder in KPLC is GoK...hence appointment of Zipporah Kering - a failed politician (at least at the 2017 Jubilee nominations) - should give minority shareholders sleepless nights, as did one of her predecessors, Chesiyna - who failed in the 2013 nomination but succeeded in the 2017 one...

Dynamic duo keeping their promises of jobs for the boys (and girls) who failed in the Jubilee nominations...




@elephantman,i agree with you.But we need a diversified portfolio.
Towards the goal of financial freedom
Ericsson
#74 Posted : Thursday, December 21, 2017 3:30:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...237380-9rlvpk/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#75 Posted : Thursday, December 21, 2017 7:35:58 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
https://www.businessdailyafrica.com/economy/Kenya-Power-reveals-Sh3-3bn-subsidy-cheap-connections/3946234-4237380-9rlvpk/index.html



The Gok must be serious with the last line project by releasing funds to kenya power on time.
Towards the goal of financial freedom
Ericsson
#76 Posted : Thursday, January 04, 2018 12:32:31 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...0638-rgu8miz/index.html

Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.

Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.

The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.

About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.

Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Museveni
#77 Posted : Thursday, January 04, 2018 12:48:37 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
Ericsson wrote:
https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html

Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.

Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.

The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.

About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.

Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period.

Is this even legal ?

BD wrote:
The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh)


The above statement makes no sense. Stuck ? Really ?
Live and learn; and don’t forget, nothing ventured, nothing gained.
mlennyma
#78 Posted : Thursday, January 04, 2018 1:34:20 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Museveni wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html

Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.

Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.

The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.

About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.

Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period.

Is this even legal ?

BD wrote:
The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh)


The above statement makes no sense. Stuck ? Really ?


A government monopoly company will always have the last laugh ,the people will always pay for any damage
"Don't let the fear of losing be greater than the excitement of winning."
sparkly
#79 Posted : Thursday, January 04, 2018 3:45:54 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
Museveni wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html

Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.

Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.

The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.

About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.

Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period.

Is this even legal ?

BD wrote:
The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh)


The above statement makes no sense. Stuck ? Really ?


A government monopoly company will always have the last laugh ,the people will always pay for any damage


Kazi ya Chupilee. Cheating wananchi that the power they got in their manyattas is cheap.
Life is short. Live passionately.
Ericsson
#80 Posted : Friday, January 05, 2018 10:19:27 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Measures to improve kenya power cashflow position and to help it in clearing the debt it owes kengen
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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