Time to stock pile. Even if they never increase dividends, that's a 7.5% yield. That's pretty decent

True.Gok is really a nightmare.look at how they have mismanaged kplc.

Parliament has directed Auditor-General Nancy Gathungu to order all parastatals under the Ministry of Energy including Kenya Power and KenGen to stop hiring private auditing firms.


In absence of private auditing firms do we get a free for all looting spree?

What a load of nonsense by the MPigs. The OAG would have to (substantially) beef up its staff by hiring smart folks with experience and skills. And do all this within a month given EOY is 30th June and EOY audits should start almost immediately!

If the MPigs succeed, shareholders may not see audited results for 1 year!

KenGen to Raise $1.95 Billion, to Double Power Output

Kenya Electricity Generating Co. (KenGen) has announced plans to raise $1.95 billion in an effort to build new, as well as upgrade existing plants in a bid to almost double its power output from renewable fuel. The company is planning to add 651 megawatts from underground steam in the next 5 years.

The company says that most of the funds will be sought from development financiers.
The company plans to build four new 140MW steam-power plants each, with steam wells having already been drilled at two of the planned facilities. Furthermore, the company also plans to upgrade some projects to add 66MW and to deliver another 25MW from wellheads, mobile generating plants at the Eburru field.
KenGen is able to generate 1,803MW of Kenya’s total installed capacity of 2,892 MW. Out of that, 705.5 MW is geothermal energy produced by the company.
KenGen has a total installed generation capacity of 1,818MW comprising hydro (826MW), geothermal (713MW), thermal (254MW) and wind (26MW).

https://kenyanwallstreet...to-double-power-output/

Where is the demand for this additional power coming from?