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Kenya Power - what's the latest?
Rank: Member Joined: 5/2/2018 Posts: 267
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rwitre wrote:kawi254 wrote:sparkly wrote:mlennyma wrote:obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. Handshake Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months. Blackout in court for ex-KPLC bosses court date...The irony  The irony! (The 'power men' are so corrupt that even power fears them.) It's time that this monopoly is stopped in its tracks. That will help it rev up or fade into oblivion. Competition should help it cease being a cash-cow for politicians.
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Superprime1 wrote:rwitre wrote:kawi254 wrote:sparkly wrote:mlennyma wrote:obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. Handshake Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months. Blackout in court for ex-KPLC bosses court date...The irony The irony! (The 'power men' are so corrupt that even power fears them.) It's time that this monopoly is stopped in its tracks. That will help it rev up or fade into oblivion. Competition should help it cease being a cash-cow for politicians. From top to bottom its corruption in this company "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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The Press Conference https://www.youtube.com/...dM&feature=youtu.be
Keter's words and demeanor seems to indicate he supports the suspended/arrested managers! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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 In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Absolutely Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/2/2018 Posts: 267
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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if jubilee succession is as we know, we are done incase they succeed "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated...
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast Just watched that, why the need to emphasize on interim team for 3 months and can be changed, he clearly did not approve of the new team,most guys in the interim team have been with KP for years, if they are clean I would love to see UK push for their confirmation and spite keter To Each His Own
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast The gearing level is acceptable. Debt to Equity ratio is 1.8:1
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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xxxxx wrote:obiero wrote:Stiffler wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Really...!? Thats too broad. How many employees does kplc have. How many suppliers or contractors..?! I think I need anticipatory bail I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1. You have a crystal ball my friend and strong courage to go against the wind. I admire the way that has made you money in ARM
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Rank: Member Joined: 6/15/2013 Posts: 301
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kayhara wrote:Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast Just watched that, why the need to emphasize on interim team for 3 months and can be changed, he clearly did not approve of the new team,most guys in the interim team have been with KP for years, if they are clean I would love to see UK push for their confirmation and spite keter https://www.standardmedi...r-over-kenya-power-case
Uhuru should re-deploy this guy to drive home the seriousness of the fight on corruption....
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kayhara wrote:Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast Just watched that, why the need to emphasize on interim team for 3 months and can be changed, he clearly did not approve of the new team,most guys in the interim team have been with KP for years, if they are clean I would love to see UK push for their confirmation and spite keter The people don't come from his tribe Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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mulla wrote:kayhara wrote:Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast Just watched that, why the need to emphasize on interim team for 3 months and can be changed, he clearly did not approve of the new team,most guys in the interim team have been with KP for years, if they are clean I would love to see UK push for their confirmation and spite keter https://www.standardmedi...r-over-kenya-power-case
Uhuru should re-deploy this guy to drive home the seriousness of the fight on corruption.... Political appointees, remember cs keter was a senator and was compelled by dp to resign and takeover from the former Davis chirchir who was hounded out on corruption allegation. We can all see this steeplechase appointments. Now keter is crying baby that his best team has been taken. If I were Uhuru this Friday Keter angejua hajua. Dci then muthaiga pap Hadi Monday kortini. I understand some of his area mpigs are making noise on Friday arrests. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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mwekez@ji wrote:Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast The gearing level is acceptable. Debt to Equity ratio is 1.8:1 KQ's gearing was also OK in 2012 on "paper" but then the losses started eating away at the equity. BTW, KPLC did almost "die" about 10 years ago and then GoK intervened with a bailout and debt conversion. A thorough audit on KPLC's books may show: - Damaged transformers shown as "Inventory" - Missing/Ghost transformers, poles, cables, etc - Contingent liabilities converting to actual liabilities - Increased Bad Debts vs provisions - Unrecorded liabilities eg KenGen, IPPs, etc - Billing fiasco The entire process of cleaning up and recapitalizing KPLC may take 2-3 years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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VituVingiSana wrote:mwekez@ji wrote:Ericsson wrote:kawi254 wrote:Angelica _ann wrote:mlennyma wrote:if jubilee succession is as we know, we are done incase they succeed I was more amused than surprised by his language and he is such a young guy - relatively. His tap has been suspended for the time being. For Kenya Power, they have so much debt from IMF/World Bank/IFC who i believe are the ones putting pressure for action by asking questions on their money being miss-appropriated... The borrowings/debt is huge.They need to start reducing it very fast The gearing level is acceptable. Debt to Equity ratio is 1.8:1 KQ's gearing was also OK in 2012 on "paper" but then the losses started eating away at the equity. BTW, KPLC did almost "die" about 10 years ago and then GoK intervened with a bailout and debt conversion. A thorough audit on KPLC's books may show: - Damaged transformers shown as "Inventory" - Missing/Ghost transformers, poles, cables, etc - Contingent liabilities converting to actual liabilities - Increased Bad Debts vs provisions - Unrecorded liabilities eg KenGen, IPPs, etc - Billing fiasco The entire process of cleaning up and recapitalizing KPLC may take 2-3 years. No need of recapitalization,it just needs to reduce wastage,cleanup and reduce the borrowings/debt Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Nothing will be done Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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