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KENGEN 2021-2025
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Ericsson
#111 Posted : Saturday, January 07, 2023 6:45:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
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VituVingiSana
#112 Posted : Saturday, January 07, 2023 5:31:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#113 Posted : Saturday, January 07, 2023 6:14:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
KenGen has announced plans to increase renewable energy deployment in the country, adding 3000 megawatts (MW) from clean energy sources to the grid as it seeks to diversify away from costly thermal sources.

This new operation will be primarily driven by deploying up to 2000MW of baseload power drawn from geothermal and hydro sources to stabilize the country’s energy sources.

The upcoming 305 MW geothermal projects, 280 MW from Olkaria and 25 MW from the Eburru geothermal power plant, were singled out by KenGen’s Ag. CEO stated that construction would begin immediately after receiving the necessary approvals.

Furthermore, the company intends to use new technology to reconstruct its oldest geothermal power plant, the 45MW Olkaria I, to breathe new life into it and raise its power generation to more than 60MW.
“We will also be rolling out plans to up-rate the turbines for the Olkaria I additional units 4 and 5 and Olkaria IV power plants to increase their output by an additional 40MW,” said Serem.

KenGen has announced plans to rehabilitate its Gogo hydropower plant on the country’s western border, growing its capacity from 2MW to approximately 8MW.
Good for the country (& KenGen) if they can do so without corruption. That's a huge investment so the dividend will likely be constrained to maintain the Loan Covenants.

Yes
Currently their loan repayments average ksh.12bn per year
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Ericsson
#114 Posted : Monday, January 09, 2023 9:31:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.standardmedi...uel-for-power-generation
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Receptor
#115 Posted : Monday, January 30, 2023 11:54:10 AM
Rank: Member

Joined: 7/1/2019
Posts: 119
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!
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sparkly
#116 Posted : Monday, January 30, 2023 12:29:11 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula
Life is short. Live passionately.
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Ericsson
#117 Posted : Wednesday, February 01, 2023 5:41:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
Receptor wrote:
Sub-3 loading.

Someone must be responsible for the fall in price. It must be Riggy G and his Boss d'oh! d'oh!


Kengen Board being reconstituted. Ni wakati was kugula

Share price plunges to below ksh.3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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littledove
#118 Posted : Monday, September 25, 2023 8:06:23 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-ordered-to-pay-gdc-sh3-9bn--4379306
Kenya Electricity Generating Company (KenGen) has suffered a blow after the High Court ruled that money in its various bank accounts is available for seizure to satisfy a Sh3.9 billion debt owed to Geothermal Development Company (GDC).

Justice Alfred Mabeya directed all banks in the country maintaining any accounts on behalf of KenGen should satisfy a decree of $26,687,017.

The court made the ruling after being informed that KenGen owes GDC some money derived from steam sales.

this ship is slowly sinkingSad
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#119 Posted : Monday, September 25, 2023 11:58:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
littledove wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kengen-ordered-to-pay-gdc-sh3-9bn--4379306
Kenya Electricity Generating Company (KenGen) has suffered a blow after the High Court ruled that money in its various bank accounts is available for seizure to satisfy a Sh3.9 billion debt owed to Geothermal Development Company (GDC).

Justice Alfred Mabeya directed all banks in the country maintaining any accounts on behalf of KenGen should satisfy a decree of $26,687,017.

The court made the ruling after being informed that KenGen owes GDC some money derived from steam sales.

this ship is slowly sinkingSad

GoK-controlled firms ni bandia
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kawi254
#120 Posted : Monday, October 23, 2023 11:51:17 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Will full year results be out by 31st October 2023?

last few years excuses for delays been lack of Auditor General, hitches ..lack of CEO
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