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KenGen HY 2019
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VituVingiSana
#91 Posted : Friday, June 28, 2019 1:40:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,362
Location: Nairobi
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
FY comes to an end in Sunday 2359hrs.
Dividend to be retained at 40 cents -
Olkaria V commissioning to be done in FY 2019/2020


Rink?

For dividend that was mentioned during the AGM.
For Olkaria V with the remaining time there is no chance of it coming on board before sunday night.


Synchronization of Olkaria V to the grid is ongoing. Then the Commercial Tests. Testing and commissioning is an ongoing process. By July 1st, as commissioning continue, dispatch to the grid will continue


(Bloomberg)-----Olkaria V plant expands Kenya Electricity Generating Co.’s geothermal power -producing capacity by one-third to 680 megawatts,Chief Executive Officer Rebecca Miano says by email.
• Company’s total capacity climbs to 1,789 megawatts
• Tests at new plant ongoing before potential connection to grid next month.
• NOTE:Kengen plans to build additional 720 megawatts of generating capacity in five years
Have they got a PPA with KPLC for the 720MW? There’s less demand than current supply for existing production!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#92 Posted : Friday, June 28, 2019 2:03:03 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,019
Location: Kitale
VituVingiSana wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
FY comes to an end in Sunday 2359hrs.
Dividend to be retained at 40 cents -
Olkaria V commissioning to be done in FY 2019/2020


Rink?

For dividend that was mentioned during the AGM.
For Olkaria V with the remaining time there is no chance of it coming on board before sunday night.


Synchronization of Olkaria V to the grid is ongoing. Then the Commercial Tests. Testing and commissioning is an ongoing process. By July 1st, as commissioning continue, dispatch to the grid will continue


(Bloomberg)-----Olkaria V plant expands Kenya Electricity Generating Co.’s geothermal power -producing capacity by one-third to 680 megawatts,Chief Executive Officer Rebecca Miano says by email.
• Company’s total capacity climbs to 1,789 megawatts
• Tests at new plant ongoing before potential connection to grid next month.
• NOTE:Kengen plans to build additional 720 megawatts of generating capacity in five years
Have they got a PPA with KPLC for the 720MW? There’s less demand than current supply for existing production!




Kenya power stopped PPAs.This was to reduce much expenses as they were many ppas which were unneccesary.
Towards the goal of financial freedom
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KaunganaDoDo
#93 Posted : Friday, June 28, 2019 7:07:35 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
FY comes to an end in Sunday 2359hrs.
Dividend to be retained at 40 cents -
Olkaria V commissioning to be done in FY 2019/2020


Rink?

For dividend that was mentioned during the AGM.
For Olkaria V with the remaining time there is no chance of it coming on board before sunday night.



Synchronization of Olkaria V to the grid is ongoing. Then the Commercial Tests. Testing and commissioning is an ongoing process. By July 1st, as commissioning continue, dispatch to the grid will continue


(Bloomberg)-----Olkaria V plant expands Kenya Electricity Generating Co.’s geothermal power -producing capacity by one-third to 680 megawatts,Chief Executive Officer Rebecca Miano says by email.
• Company’s total capacity climbs to 1,789 megawatts
• Tests at new plant ongoing before potential connection to grid next month.
• NOTE:Kengen plans to build additional 720 megawatts of generating capacity in five years


720MW is pure porojo that corporate executives feed their shareholders. They have extensive steam reservoir of this capacity but They will not be doing power plant in the forseable future ,not even six years. Even Olkaria 1 unit 6 (80MW) that is being done next to the existing Olkaria 1 is proving a hard sell. There will be no new projects in the near future. Olkaria V (153MW) this year and Olkaria 1 Unit 6 (80MW) in 2020 will be the only projects in the forseable future... unless otherwise
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Ericsson
#94 Posted : Friday, June 28, 2019 7:49:48 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
KaunganaDoDo wrote:
Ericsson wrote:
KaunganaDoDo wrote:
Ericsson wrote:
sparkly wrote:
Ericsson wrote:
FY comes to an end in Sunday 2359hrs.
Dividend to be retained at 40 cents -
Olkaria V commissioning to be done in FY 2019/2020


Rink?

For dividend that was mentioned during the AGM.
For Olkaria V with the remaining time there is no chance of it coming on board before sunday night.



Synchronization of Olkaria V to the grid is ongoing. Then the Commercial Tests. Testing and commissioning is an ongoing process. By July 1st, as commissioning continue, dispatch to the grid will continue


(Bloomberg)-----Olkaria V plant expands Kenya Electricity Generating Co.’s geothermal power -producing capacity by one-third to 680 megawatts,Chief Executive Officer Rebecca Miano says by email.
• Company’s total capacity climbs to 1,789 megawatts
• Tests at new plant ongoing before potential connection to grid next month.
• NOTE:Kengen plans to build additional 720 megawatts of generating capacity in five years


720MW is pure porojo that corporate executives feed their shareholders. They have extensive steam reservoir of this capacity but They will not be doing power plant in the forseable future ,not even six years. Even Olkaria 1 unit 6 (80MW) that is being done next to the existing Olkaria 1 is proving a hard sell. There will be no new projects in the near future. Olkaria V (153MW) this year and Olkaria 1 Unit 6 (80MW) in 2020 will be the only projects in the forseable future... unless otherwise


True
Unless there is a significant growth in demand
Olkaria 1 unit 6 is set for completion in 2021
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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murchr
#95 Posted : Tuesday, July 02, 2019 5:33:04 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
"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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Ericsson
#96 Posted : Tuesday, July 02, 2019 9:49:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Kengen to sell power from Olkaria to South Sudan

http://www.xinhuanet.com...19-07/02/c_138193143.htm
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#97 Posted : Tuesday, July 02, 2019 10:35:18 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=Ericsson]Kengen to sell power from Olkaria to South Sudan

http://www.xinhuanet.com...9-07/02/c_138193143.htm[/quote]

The kind of news that shareholders like to hear, not water bottling and solar panel manufacture.
Life is short. Live passionately.
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FUNKY
#98 Posted : Tuesday, July 02, 2019 11:41:53 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
sparkly wrote:
[quote=Ericsson]Kengen to sell power from Olkaria to South Sudan

http://www.xinhuanet.com...9-07/02/c_138193143.htm[/quote]

The kind of news that shareholders like to hear, not water bottling and solar panel manufacture.


Kengen is not mumias I am sure the water bottling plant will generate some profit. They will save money buying staff drinking water and at the same time sell also.
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kawi254
#99 Posted : Wednesday, July 03, 2019 11:01:00 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
FUNKY wrote:
sparkly wrote:
[quote=Ericsson]Kengen to sell power from Olkaria to South Sudan

http://www.xinhuanet.com...9-07/02/c_138193143.htm[/quote]

The kind of news that shareholders like to hear, not water bottling and solar panel manufacture.


Kengen is not mumias I am sure the water bottling plant will generate some profit. They will save money buying staff drinking water and at the same time sell also.


Logistic cost of ferying drinking water to Turkwell, Masinga, Kipevu, Olkaria for some ~3000 employees are too great to make this profitable.

As @KaunganaDoDo says, all this is porojo that corporate executives feed. KenGen also signed to sell 30 MW to Rwanda some years back when Kagame was around but KETRACO hasn't yet even finished the Olkaria-lesos transmission line to Kisumu. Before the whole region is interlinked with power all this selling power to South Sudan is porojo.
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KaunganaDoDo
#100 Posted : Wednesday, July 03, 2019 11:21:10 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
[quote=Ericsson]Kengen to sell power from Olkaria to South Sudan

http://www.xinhuanet.com...9-07/02/c_138193143.htm[/quote]

More Porojoooo....KenGen has contracted all of its installed Generation Capacity to KPLC...it doesn't have any spare to sell to other Party without Breaking POwer Purchase Agreements with KPLC. Even the oncoming Olkaria V and Olkaria 1 Unit VI is all contracted.

The only entity that can sell power to SSudan in KPLC, since its the owner of the excess contracted Capacity. Just like Kenya Buys power from Uganda...Kplc doesn't buy it from The Generator..UEGCL, it buys from UETCL...Uganda Electricity Transmission Company Limited.

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