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Kenya Power - what's the latest?
Rank: Member Joined: 3/16/2019 Posts: 313
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Ericsson wrote:kmucheke wrote:State blocks Kenya Power from hiring McKinsey as adviserAfter reading House of Lies : How Management Consultants Steal Your Watch and Then Tell You the Time I'm convinced that there is no way management consultants can save a poorly run, heavily indebted, corrupt ridden organisation like Kenya Power. Furthermore are these management consultants experienced in running a business like KP in the environment and condition it is currently in? Yes McKinsey and BCG are known to hire some of the brightest and sharpest brains, but in this case just like KQ, I don't think anything will come out of it. But I maybe wrong... There is no political will to turnaround Kenya power Too many vested interests to allow any major radical shift. The timing is also bad considering it's toward the elections.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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https://www.businessdail...-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices 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:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. 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:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Reduction of taxes and levies that one treasury ruled out plus it would have affected the terms of engagement with IMF. Installation of solar heaters was a way of guys making money after their firms were the ones importing the solar heaters. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Kengen will get a revenue dent in the second half since they do not have a replacement of Muhoroni gas turbine. Olkaria I unit 6 of 83MW will be connected to the grid in end of Q1/Q2 of 2022 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. The next PPA expiring is Kengen Kipevu I thermal power (60MW) in 2023. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/8/2007 Posts: 808
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Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. The next PPA expiring is Kengen Kipevu I thermal power (60MW) in 2023.  Doubt there will be much traction here. Let us revisit the 5,000MW production planning against forecast demand. There appears to have been a back of the envelope arithmetic used or did some one use the pent up demand in Telco pre 2000 as a proxy for the potential growth in power uptake by citizens? The 5000MW forecast production was mischevious and we cautioned it on this platform. Therefore even after shutting down Tsavo and Muhoroni, we still will be holding about 40% surplus capacity. I doubt we will shut down Muhoroni. Some of these thermals are stand by generators for the other plants.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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Kausha wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. The next PPA expiring is Kengen Kipevu I thermal power (60MW) in 2023. Doubt there will be much traction here. Let us revisit the 5,000MW production planning against forecast demand. There appears to have been a back of the envelope arithmetic used or did some one use the pent up demand in Telco pre 2000 as a proxy for the potential growth in power uptake by citizens? The 5000MW forecast production was mischevious and we cautioned it on this platform. Therefore even after shutting down Tsavo and Muhoroni, we still will be holding about 40% surplus capacity. I doubt we will shut down Muhoroni. Some of these thermals are stand by generators for the other plants. With the activation of the new 220KV line by KETRACO, Muhoroni thermal power plant is no longer needed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/8/2007 Posts: 808
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Ericsson wrote:Kausha wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. The next PPA expiring is Kengen Kipevu I thermal power (60MW) in 2023. Doubt there will be much traction here. Let us revisit the 5,000MW production planning against forecast demand. There appears to have been a back of the envelope arithmetic used or did some one use the pent up demand in Telco pre 2000 as a proxy for the potential growth in power uptake by citizens? The 5000MW forecast production was mischevious and we cautioned it on this platform. Therefore even after shutting down Tsavo and Muhoroni, we still will be holding about 40% surplus capacity. I doubt we will shut down Muhoroni. Some of these thermals are stand by generators for the other plants. With the activation of the new 220KV line by KETRACO, Muhoroni thermal power plant is no longer needed Kengen owned by replaced by more kengen power from Olkaria. Minimal to naught impact on our bill. The real elephant in the room is the excess capacity and not the thermal plants. All plants including those of Kengen are on Take or pay terms with KPLC. Thermal plants are unlikely to go as long as we have weather dependent plants like the hydro and wind plants. Geothermal plants need maitenance too so shut down during unfavourable weather means you need the thermal plants on. Thermal plants are also strategically located.. Look at where they are positioned.
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Any news on the 15% reduction, January 1 2022 is hours away. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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https://www.businessdail...electricity-gift-3670346Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Any news on the 15% reduction, January 1 2022 is hours away.  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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VituVingiSana wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Any news on the 15% reduction, January 1 2022 is hours away. Tax payers should be refunded money spent on the numerous commissions that deliver nothing. Fuel Cost Charge is gazetted in 2nd or 3rd Friday of every month so any reprieve will wait until then.
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Rank: Member Joined: 2/8/2007 Posts: 808
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kawi254 wrote:VituVingiSana wrote:Ericsson wrote:kawi254 wrote:Ericsson wrote:sparkly wrote:Ericsson wrote:https://www.businessdailyafrica.com/bd/economy/why-uhuru-electricity-price-promise-failed-3650604
Kenya power to bear the burden of reducing their system losses to avoid a revenue fall as a result of a 15% reduction in electricity prices Where is the reduction? My tokens cost has gone up. I only get 38 units for KShs 1,000. Reduction will be effected on Christmas Eve. For now unakamuliwa proper. i think the promised 15% reduction will be due to savings from expired Tsavo power PPA in September 2021 (-74MW thermal power off) and Muhoroni gas turbine PPA expiring Dec 2021(=-56MW thermal). Taxes & levies make up bulk of electricity bill. Why can't they reduce this and get people hooked to using more electricity first? We wanted 5000mw but energy authority spent resources telling people to save energy and install solar heaters in the place of electric heaters...now we complain we are paying for excess unused generation capacity. Any news on the 15% reduction, January 1 2022 is hours away. Tax payers should be refunded money spent on the numerous commissions that deliver nothing. Fuel Cost Charge is gazetted in 2nd or 3rd Friday of every month so any reprieve will wait until then. I said it up there.. There is very little chance of the power going down. These plants carry MIGA guarantees from WB who has lately become our key lender. Hapa tunazubaishwa and getting distracted from the main challenge which is the excess capacity me thinks
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Rank: Member Joined: 3/16/2019 Posts: 313
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Kenya Power advert looking for new MD LinkPosted by Deloitte Consulting Limited
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Rank: New-farer Joined: 8/21/2017 Posts: 48
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A quick glance at the top 20 individual shareholders of Kenya Power over the last 3 financial years shows the same individuals steadily increasing their stake over time. These individuals are mainly Kenyans of asian origin if their names are anything to go by. Perhaps there is light at the end of the tunnel for this stock? Or is it a case of buying at rock bottom and hoping for the best? Only time will tell... Life is a beach and I'm just playing in the sand
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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Half year report date should be about now?
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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kawi254 wrote:Half year report date should be about now? KPLC has until 31 Mar 2022 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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