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Ericsson		#601 Posted : Wednesday, November 04, 2020 10:45:06 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		https://tradingroom.co.k...k-on-kplc-unpaid-bills/ Shareholders of KENGEN have expressed concerns to the board of directors over the ability of Kenya power to pay up kes 19.6bn the utility firm owes to Kengen. The Auditor General Nancy Gathungu has cast doubt on the future of Kenya power,given that measures to ease rising liabilities have not worked Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#602 Posted : Wednesday, November 04, 2020 5:03:06 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Balaa wrote: Virtual Kengen Plc AGM currently in session. Joshua Chege bows out as Chairman. Wonder who will be GoK's preferred successor. Retired General Samson Mwathethe Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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tandich		#603 Posted : Wednesday, November 04, 2020 8:43:45 PM
Rank: Member Joined: 5/6/2008 Posts: 199		I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military?
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wukan		#604 Posted : Wednesday, November 04, 2020 8:59:50 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,590		tandich wrote: I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military? The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets. If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored.
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Fyatu		#605 Posted : Wednesday, November 04, 2020 10:06:43 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		wukan wrote: tandich wrote: I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military? The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets. If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored. The name is General rtd. Jeremiah Mutinda Kiamba Dumb money becomes dumb only when it listens to smart money
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Ericsson		#606 Posted : Wednesday, November 04, 2020 10:29:44 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Fyatu wrote: wukan wrote: tandich wrote: I'm curious. What value do retired disciplined forces officers add to boards of commercial operations (public/private) that are unrelated to the military? The value is the experience in govt bureaucracy to stop cartels from forming and cannibalizing public corporations and strategic assets. If you look at kenya railways it was moribund for decades until some retired general(can't recall his name) was put in charge and they saw it's logistical value to the state. Now you have more vibrant railway service restored. The name is General rtd. Jeremiah Mutinda Kiamba Kiang'a not Kiamba Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#607 Posted : Saturday, November 07, 2020 8:16:26 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		https://www.businessdail...cut-power-costs-2732276 KENGEN is on the media launching too many things Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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kawi254		#608 Posted : Saturday, November 07, 2020 10:10:35 AM
Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi		Ericsson wrote: https://www.businessdailyafrica.com/bd/corporate/companies/kengen-targets-gas-fired-plants-cut-power-costs-2732276 KENGEN is on the media launching too many things Only the consultants doing feasibility studies are making money. You never get to hear Safaricom issuing tenders for feasibility study on launching Fuliza...they have people employed to do market research who work quietly and bring to market products without all the KenGen noise. Also KenGen a few years ago when Jubilee came to power shelved the gas powered plant plan they had worked on for so long on premise that they couldn't secure gas supply contract from Tanzania. They should just go and dust their shelved files but money must be made tendering afresh.
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KaunganaDoDo		#609 Posted : Sunday, November 08, 2020 7:43:23 AM
Rank: Member Joined: 8/6/2018 Posts: 299		Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY
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Ericsson		#610 Posted : Sunday, November 08, 2020 10:53:48 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		KaunganaDoDo wrote: Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY Any dividend declared. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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kmucheke		#611 Posted : Sunday, November 08, 2020 3:20:35 PM
Rank: Member Joined: 3/16/2019 Posts: 313		Ericsson wrote: KaunganaDoDo wrote: Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY Any dividend declared. KenGen to pay Sh1.65 billion in dividends Quote: Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders. This follows the approval of the Board’s recommendation by shareholders to pay the final dividend of Sh0.25 for the year for every ordinary share of Sh2.50. The shareholders decided during the company’s virtual 67th Annual General Meeting (AGM) on Tuesday. KEGN Book closure KES 0.25 final dividend Nov 03 2020
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Ericsson		#612 Posted : Sunday, November 08, 2020 10:17:30 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		kmucheke wrote: Ericsson wrote: KaunganaDoDo wrote: Profit is expected to jump from Ksh 7.8 Billion to Ksh 10.5 in 2019/20 FY Any dividend declared. KenGen to pay Sh1.65 billion in dividends Quote: Kenya Electricity Generating Company PLC (KenGen) will pay a total dividend of Sh1.65 billion to its shareholders. This follows the approval of the Board’s recommendation by shareholders to pay the final dividend of Sh0.25 for the year for every ordinary share of Sh2.50. The shareholders decided during the company’s virtual 67th Annual General Meeting (AGM) on Tuesday. KEGN Book closure KES 0.25 final dividend Nov 03 2020 This is outdated news on AGM and dividend.It was for 2018/2019 We are now talking about the FY 2019/2020 results to be released within the next one month Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#613 Posted : Tuesday, November 24, 2020 10:12:26 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		#KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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FUNKY		#614 Posted : Tuesday, November 24, 2020 11:45:53 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		Ericsson wrote: #KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. This share is really undervalued!
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VituVingiSana		#615 Posted : Wednesday, November 25, 2020 12:18:37 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		FUNKY wrote: Ericsson wrote: #KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. This share is really undervalued! I like Miano but vitu vya Sirikali ni I have KenyaRe and the ups and downs Remember they almost kicked out Mwarania. Plus the (non-corrupt) motivations may be for other reasons eg political. Kenya Re had deposits with NBK and Consolidated Bank because of GoK. KenGen might not be allowed to squeeze KPLC for the same political reasons. Miano has done a good job though! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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FUNKY		#616 Posted : Wednesday, November 25, 2020 6:39:18 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		https://www.businessdail...ect-to-consumers-3209018
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Ericsson		#617 Posted : Wednesday, November 25, 2020 10:21:43 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		VituVingiSana wrote: FUNKY wrote: Ericsson wrote: #KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. This share is really undervalued! I like Miano but vitu vya Sirikali ni I have KenyaRe and the ups and downs Remember they almost kicked out Mwarania. Plus the (non-corrupt) motivations may be for other reasons eg political. Kenya Re had deposits with NBK and Consolidated Bank because of GoK. KenGen might not be allowed to squeeze KPLC for the same political reasons. Miano has done a good job though! From the annual report 2019,I don't see consolidated bank and NBK as one of their bankers or deposits there. Consolidated bank,Kenya Re bought their corporate bond which was fully repaid last year. NBK they were number 3 on the shareholders list,but this was converted to KCB shareholding post acquisition. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#618 Posted : Wednesday, November 25, 2020 10:23:31 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		FUNKY wrote: https://www.businessdailyafrica.com/bd/corporate/companies/kengen-now-plans-to-sell-power-direct-to-consumers-3209018 Not happening any time soon. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#619 Posted : Wednesday, November 25, 2020 8:04:52 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: FUNKY wrote: Ericsson wrote: #KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. This share is really undervalued! I like Miano but vitu vya Sirikali ni I have KenyaRe and the ups and downs Remember they almost kicked out Mwarania. Plus the (non-corrupt) motivations may be for other reasons eg political. Kenya Re had deposits with NBK and Consolidated Bank because of GoK. KenGen might not be allowed to squeeze KPLC for the same political reasons. Miano has done a good job though! From the annual report 2019,I don't see consolidated bank and NBK as one of their bankers or deposits there. Consolidated bank,Kenya Re bought their corporate bond which was fully repaid last year. NBK they were number 3 on the shareholders list,but this was converted to KCB shareholding post acquisition. The Consolidated Bond was "renewed" wapende, wasipende. https://businesstoday.co...r-wait-for-bond-payout/ Yes, there were deposits with NBK at one point. And shares in NBK they could not sell. Luckily they were able to get KCB shares instead of the NBK crap. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#620 Posted : Wednesday, November 25, 2020 11:01:21 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: FUNKY wrote: Ericsson wrote: #KenGenEnergyCafe Kengen is expected to earn Kshs. 23 billion in tax credits on its Olkaria V 165 MW power plant, although future tax credits will be cut to 50%. It has already received exemption on VAT for inputs for its Olkaria 1 Unit VI 83 MW power plant expected next year. Kengen has entered into a dynamic repayment plan in order to allow KPLC to clear its old debt. KPLC to make payments based on cash flow. Last month, it repaid Sh4.3bn & this month it will repay about Sh4bn. All new invoices to be REGULARLY cleared. There was recently talk about GoK giving Kengen debt relief. To be clear, it was only for a $2.3 million loan from EXIM Bank which fell due in March 2020, at the heart of the pandemic. Focus in the next 12 months remains to deliver the Olkaria I Unit 6 geothermal power plant, which will bring on board an additional 83.3MW next year. Rebecca_miano says the following are under feasibility study: Redevelopment of Gogo Power Plant in Migori County with a view to increasing the installed capacity from 2MW to 10MW. Raising the height of Masinga Dam Spillway by an additional 1.5Metres. This share is really undervalued! I like Miano but vitu vya Sirikali ni I have KenyaRe and the ups and downs Remember they almost kicked out Mwarania. Plus the (non-corrupt) motivations may be for other reasons eg political. Kenya Re had deposits with NBK and Consolidated Bank because of GoK. KenGen might not be allowed to squeeze KPLC for the same political reasons. Miano has done a good job though! From the annual report 2019,I don't see consolidated bank and NBK as one of their bankers or deposits there. Consolidated bank,Kenya Re bought their corporate bond which was fully repaid last year. NBK they were number 3 on the shareholders list,but this was converted to KCB shareholding post acquisition. The Consolidated Bond was "renewed" wapende, wasipende. https://businesstoday.co...r-wait-for-bond-payout/ Yes, there were deposits with NBK at one point. And shares in NBK they could not sell. Luckily they were able to get KCB shares instead of the NBK crap. Mzee vvs Uko behind news,that bond was repaid.Check Kenya Re annual report for 2019. Further evidence is also as below https://kenyanwallstreet...-billion-corporate-bond/ Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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