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KenGen HY 2019
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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KaunganaDoDo wrote:[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. All it takes for Kengen to sell power directly to SS is amendment of one or two sections of the Energy Act. Life is short. Live passionately.
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Rank: Member Joined: 8/6/2018 Posts: 299
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sparkly wrote:KaunganaDoDo wrote:[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. All it takes for Kengen to sell power directly to SS is amendment of one or two sections of the Energy Act. How? Like What? KenGen is not in the Energy Act, its just another Commercial Company like anyone else.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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KaunganaDoDo wrote:sparkly wrote:KaunganaDoDo wrote:[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. All it takes for Kengen to sell power directly to SS is amendment of one or two sections of the Energy Act. How? Like What? KenGen is not in the Energy Act, its just another Commercial Company like anyone else. Energy is broadly devided into: 1. Electricity - Generators; Transmitters; Distributors; Regulator and dispute resolution. 2. Petroleum Upstream; Downstream; Regulator and dispute resolution; All these are set up by Acts of Parliament. Not sure but I think the Act consolidated the Electricty and Petroleum regulators into one. Life is short. Live passionately.
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Rank: Member Joined: 8/6/2018 Posts: 299
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sparkly wrote:KaunganaDoDo wrote:sparkly wrote:KaunganaDoDo wrote:[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. All it takes for Kengen to sell power directly to SS is amendment of one or two sections of the Energy Act. How? Like What? KenGen is not in the Energy Act, its just another Commercial Company like anyone else. Energy is broadly devided into: 1. Electricity - Generators; Transmitters; Distributors; Regulator and dispute resolution. 2. Petroleum Upstream; Downstream; Regulator and dispute resolution; All these are set up by Acts of Parliament. Not sure but I think the Act consolidated the Electricty and Petroleum regulators into one. Yap. But Transmission and Distribution Licence doesn't need changes to Energy Act...They are given by ERC...now called EPRA(under new energy Act)... what would be required for them to Transmit/Distribute would be A license and a Review of the Current PPAs....or to Build/Develop a new plant...or a wellhead...Wellheads are the cheaper option... You just go to some of the existing Wellls and you put up a small kaplant called Wellhead...no need to build a power plant.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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KaunganaDoDo wrote:sparkly wrote:KaunganaDoDo wrote:sparkly wrote:KaunganaDoDo wrote:[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. All it takes for Kengen to sell power directly to SS is amendment of one or two sections of the Energy Act. How? Like What? KenGen is not in the Energy Act, its just another Commercial Company like anyone else. Energy is broadly devided into: 1. Electricity - Generators; Transmitters; Distributors; Regulator and dispute resolution. 2. Petroleum Upstream; Downstream; Regulator and dispute resolution; All these are set up by Acts of Parliament. Not sure but I think the Act consolidated the Electricty and Petroleum regulators into one. Yap. But Transmission and Distribution Licence doesn't need changes to Energy Act...They are given by ERC...now called EPRA(under new energy Act)... what would be required for them to Transmit/Distribute would be A license and a Review of the Current PPAs....or to Build/Develop a new plant...or a wellhead...Wellheads are the cheaper option... You just go to some of the existing Wellls and you put up a small kaplant called Wellhead...no need to build a power plant. Part 6 of Energy Act 2019, the following electrical activities need to be licensed; 1. generation; 2. exportation; 3. importation; 4. transmission; 5. distribution; 6. retail supply. Tariffs set for each of the above activities where one player uses infrastructure of another. In case of evacuation of power from generation plants to SS, Kenya Power which does mainly does Substation - Customer distribution may not be involved. Power might be evacuated directly by Ketracco from Olkaria then SS to pay for as metered at point of import into SS. Life is short. Live passionately.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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https://www.standardmedi...ing-bonds-in-tough-year
KenGen may be among the few firms sailing smoothly as it has managed to pay its Sh25 billion infrastructure bond
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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FUNKY wrote:https://www.standardmedia.co.ke/business/article/2001331417/companies-struggle-to-repay-maturing-bonds-in-tough-year
KenGen may be among the few firms sailing smoothly as it has managed to pay its Sh25 billion infrastructure bond It has been paying it off over many years so what was outstanding this year was minimal. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:FUNKY wrote:https://www.standardmedia.co.ke/business/article/2001331417/companies-struggle-to-repay-maturing-bonds-in-tough-year
KenGen may be among the few firms sailing smoothly as it has managed to pay its Sh25 billion infrastructure bond It has been paying it off over many years so what was outstanding this year was minimal. I am happy Kengen is on the futures market. This will help price discovery. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:VituVingiSana wrote:FUNKY wrote:https://www.standardmedia.co.ke/business/article/2001331417/companies-struggle-to-repay-maturing-bonds-in-tough-year
KenGen may be among the few firms sailing smoothly as it has managed to pay its Sh25 billion infrastructure bond It has been paying it off over many years so what was outstanding this year was minimal. I am happy Kengen is on the futures market. This will help price discovery. Bamburi and kengen left out of the futures market Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Ericsson wrote:sparkly wrote:VituVingiSana wrote:FUNKY wrote:https://www.standardmedia.co.ke/business/article/2001331417/companies-struggle-to-repay-maturing-bonds-in-tough-year
KenGen may be among the few firms sailing smoothly as it has managed to pay its Sh25 billion infrastructure bond It has been paying it off over many years so what was outstanding this year was minimal. I am happy Kengen is on the futures market. This will help price discovery. Bamburi and kengen left out of the futures market https://www.businessdail...183446-kc19qu/index.html
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote: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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? Hakuna Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote: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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? NO CHANCE
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay  Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:Ebenyo wrote: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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? Hakuna 1.National treasury projected a dividend of kshs 0.50 this year. 2.The daily price movement suggests an upward momentum. 3.Jared Othieno has sealed all corruption loopholes. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:Ebenyo wrote: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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? Hakuna 1.National treasury projected a dividend of kshs 0.50 this year. 2.The daily price movement suggests an upward momentum. 3.Jared Othieno has sealed all corruption loopholes. Peleka hii thread to KPLC discussion Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ebenyo wrote:Ericsson wrote:Ebenyo wrote: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 Effect of the 165MW will most likely be felt in the second half of the current financial year (2019/2020) Tragedy Struck Olkaria V on Friday during the Prerequisite Commercial Tests when the Steam Gathering Sytem inlet to the plant exploaded, Leaving 2 people in critical conditions...This has effectively pushed Commissioning Dates month in delay @kaunganadodo sisi watu wa Kplc iku kadividend tutapata in October ukweli? Hakuna 1.National treasury projected a dividend of kshs 0.50 this year. 2.The daily price movement suggests an upward momentum. 3.Jared Othieno has sealed all corruption loopholes.   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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By the way what happened to the Minister, he is nowadays MIA. 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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