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KenGen HY 2019
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Metch wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that?  I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
https://twitter.com/Nati...218157282124599298?s=19
 This will drag on in until mid year. Just like IEBC CEO recruitment. 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: 8/6/2018 Posts: 299
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Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? https://www.businessdail...21784-q16n60/index.html
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
Under which law is it not allowed? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
Under which law is it not allowed? @Sparkly vs @Ericsson 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: 10,684 Location: NAIROBI
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sparkly wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
Under which law is it not allowed? CMA, State corporations act that governs the state corporations Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Angelica _ann wrote:Metch wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
https://twitter.com/Nati...218157282124599298?s=19
This will drag on in until mid year. Just like IEBC CEO recruitment. Blame is on the leadership that Kenyans voted in. The political leadership is not interested in following the law. Interest is on putting cronies, psycophants and lieutenants to sing their tunes. UK has gone rogue Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
Under which law is it not allowed? CMA, State corporations act that governs the state corporations Do you mind quoted the relevant sections? 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:Ericsson wrote:sparkly wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
Under which law is it not allowed? CMA, State corporations act that governs the state corporations Do you mind quoted the relevant sections? State Corporations Act (2012) page 11 Books of accounts, records and audits subsection 3. Then download Public Audit Act 2003 and read it Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Metch wrote:Ericsson wrote:sparkly wrote:Angelica _ann wrote:sparkly wrote:Angelica _ann wrote:Metch wrote:Ericsson wrote:kawi254 wrote:right about now the KenGen dividend would be rescuing the nJaanuary situation.
Wanjiku missed the yearly December trip to Nairobi to attend KenGen AGM. Does Wanjiku understand it is because Her president can't make up His mind? Dividend may come through HY results. This one doesn't require Auditor general Wanjiku is being entertained by BBI and desert locusts Are u saying they will release HY results before the long awaited FY? Shame on Jubilee. 14 member BBI committee appointed in record time to waste time and money... But we can't have an Auditor General. Shame! Shame & blame squarely fall on Baba. He should have helped Kenyans with this appointment, but he has been bought. The problem is the despot. Focus, viva. The despot behaves like a spoilt child who cannot link effects to his actions. Case in point is the war with the Judiciary. He is yet to approve 30 judges appointed by JSC. Treasury & Parliament connived to reduce budget allocations to the Judiciary. His Ministers defy court orders particularly on Miguna's immigration status. Yet he blames the Judiciary for inefficiency. He has directed parastatals to surrender idle cash to Treasury. Yet he has failed to appoint Auditor General to approve financials to enable the companies approve dividend payouts. In a couple of months he will be directing DCI to arrest and charge directors of the parastatals for failing to adhere to his directive. The despot must fall. Viva In the Kplc thread 'we were supposed to impeach him' if he didn't appoint the Auditor General within some specified time lines, what became of that? I am for releasing the results as unaudited. Not allowedSparkly wrote:
IMO Kengen should just release the results as unaudited and pay dividends.
It's unacceptable for a company traded on a world recognized exchange to peg release of results on a political process that might take a whole year.
https://twitter.com/Nati...218157282124599298?s=19
https://www.businessdail...421784-q16n60/index.htmlIf it don't make dollars, it don't make sense
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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The firms that increased their debts by huge margins include KenGen, whose stock of debt guaranteed by the government increased by Sh18 billion to Sh43 billion by end of June 2019 https://www.standardmedi...eed-debt-by-sh20-billion
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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[quote=Extraterrestrial]The firms that increased their debts by huge margins include KenGen, whose stock of debt guaranteed by the government increased by Sh18 billion to Sh43 billion by end of June 2019 https://www.standardmedi...ed-debt-by-sh20-billion[/quote] How is EAPC still trading at NSE with this level of defaults and liquidity challenges?  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: Chief Joined: 5/31/2011 Posts: 5,121
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Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Kengen and KP are going the KQ way.... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. The PIBO was a very a small portion of total debt by July 2018 given the principal repayments made over the preceding 7-8 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: 10,684 Location: NAIROBI
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maka wrote:kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Kengen and KP are going the KQ way.... There will be darkness in the country Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Correct. The Finance charges are passed on to power consumers. Kengen's income is based on installed capacity and the units of power delivered. Life is short. Live passionately.
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Rank: Member Joined: 8/6/2018 Posts: 299
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sparkly wrote:kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Correct. The Finance charges are passed on to power consumers. Kengen's income is based on installed capacity and the units of power delivered. Only Finance costs during construction are included in Capacity Payment...on commissioning, the Consumer only pays forex fluctuations on the Finance Costs and Principal payments....Only forex differences and on specific plants..the customers dont pay for KenGen Finance Costs in totality thus
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Often ignored is how hard it is to raise funds for power projects (geothermal). 6 years later the IPPs contracted by GDC to build Menengai geothermal plants haven't yet secured financing. Would have been cheaper,faster for Centum(Akiira) to invest in Menengai where steam is already available rather than sink billions in drilling empty wells.
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