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Kengen AGM 2016
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sparkly
#11 Posted : Thursday, December 01, 2016 12:10:33 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Angelica _ann wrote:
Next year is an election year, the my relative CFO must 'deliver' otherwise out!!! Poleni Laughing out loudly Laughing out loudly Laughing out loudly


Were you there? A shareholder by the name of Angela asked some heavy questions about corporate governance and CMA regulations
Life is short. Live passionately.
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Ericsson
#12 Posted : Friday, December 02, 2016 1:47:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.

"Having secured funding of around $400 million (Sh 40 billion/ JYR 45.7 billion) from the Japan International Cooperation Agency (JICA), KenGen is set to break ground on the development of two 70 MW units for its Olkaria V geothermal power plant project.

KenGen reports having already completed drilling and that electricity from the plants could be fed into the national grid as early as the end of 2018.

The first plant is expected to start operation within the next 24 months, with the second to start around 6 months after that.

KenGen is funding parts of the project using the company’s cash reserves. The overall investment for the 140 MW Olkaria V development is expected to be around $555 million (Sh 55.5 billion"
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#13 Posted : Friday, December 02, 2016 7:37:24 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.



Where did you get this info?

I know for sure that Kengen is planning to add 2000MW in the next 3 years... Geothermal, wind, coal, LNG.
Life is short. Live passionately.
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iris
#14 Posted : Friday, December 02, 2016 7:46:52 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
After taking a lifetime to reach the current ~2xxx MW it will double in 3 years?
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moneydust
#15 Posted : Friday, December 02, 2016 10:18:40 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
sparkly wrote:
Ericsson wrote:
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.



Where did you get this info?

I know for sure that Kengen is planning to add 2000MW in the next 3 years... Geothermal, wind, coal, LNG.



That is impossible...even with a miracle this will still be hard,they just dont even have the money.
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sparkly
#16 Posted : Saturday, December 03, 2016 1:42:53 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
moneydust wrote:
sparkly wrote:
Ericsson wrote:
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.



Where did you get this info?

I know for sure that Kengen is planning to add 2000MW in the next 3 years... Geothermal, wind, coal, LNG.



That is impossible...even with a miracle this will still be hard,they just dont even have the money.


My mentor and teacher (name undisclosed) told me there are three categories of people:

1. Those who say it can't be done;

2. Those who do it;

3. Those who wonder how it was done.

^Take a pick on the type that you are.
Life is short. Live passionately.
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moneydust
#17 Posted : Saturday, December 03, 2016 6:50:13 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
sparkly wrote:
moneydust wrote:
sparkly wrote:
Ericsson wrote:
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.



Where did you get this info?

I know for sure that Kengen is planning to add 2000MW in the next 3 years... Geothermal, wind, coal, LNG.



That is impossible...even with a miracle this will still be hard,they just dont even have the money.


My mentor and teacher (name undisclosed) told me there are three categories of people:

1. Those who say it can't be done;

2. Those who do it;

3. Those who wonder how it was done.

^Take a pick on the type that you are.


That is just alot of balooney...you cant be serious if you believe that.
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sparkly
#18 Posted : Saturday, December 03, 2016 8:59:59 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
moneydust wrote:
sparkly wrote:
moneydust wrote:
sparkly wrote:
Ericsson wrote:
Even KENGEN has been told to slow down on adding more power to the grid.
The MD said that they are only doing the 140 MW Olkaria V in 2017.



Where did you get this info?

I know for sure that Kengen is planning to add 2000MW in the next 3 years... Geothermal, wind, coal, LNG.



That is impossible...even with a miracle this will still be hard,they just dont even have the money.


My mentor and teacher (name undisclosed) told me there are three categories of people:

1. Those who say it can't be done;

2. Those who do it;

3. Those who wonder how it was done.

^Take a pick on the type that you are.


That is just alot of balooney...you cant be serious if you believe that.


Some countries have over 1,000GW installed capacity and you think 2,000MW is a big deal.
Life is short. Live passionately.
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iris
#19 Posted : Sunday, December 04, 2016 7:01:13 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
For those countries, 2GW (0.2%) is not a big deal but for Kenya, >90% is definitely a BIG deal to add in 3 years.
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VituVingiSana
#20 Posted : Wednesday, December 07, 2016 11:57:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Well, while @Sparkly is quoting simplistic quotes...

http://www.businessdaily...8662-68tbetz/index.html

KenGen breaches conditions for Sh18.5bn long-term loans
http://www.businessdaily...8662-68tbetz/index.html

Well, I guess it is true... It can be done. Breaching the conditions/covenants of the loans that is. As for those who wonder how it was done? Well, it can be done if one borrows away...

No, KenGen by virtue of its majority shareholder is not investable for me.
BTW, this also explains why there was no dividend this year.

*That said, before someone mentions it again... I own KenRe for reasons explained elsewhere but I watch it closely*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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