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Kenya Power - what's the latest?
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics. What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1 Filling the negative sh.7.7bn cash flow hole will be a tall order. Add to that the amount they owe Kengen. Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda. Priorities change especially for GoK, .....  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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https://www.businessdail...42968-gy5tqe/index.html
Measures being taken to improve on the cashflow 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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Angelica _ann wrote:Ebenyo wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics. What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1 Filling the negative sh.7.7bn cash flow hole will be a tall order. Add to that the amount they owe Kengen. Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda. Priorities change especially for GoK, ..... Street lighting program GOK can offset with the amount of money kplc owes GOK Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Poor management, politics. Killing this company. #considering exiting n starting a rival power distributor KEGN, KPLC, KQ, SCOM
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Really...!? Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Stiffler wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Really...!? Thats too broad. How many employees does kplc have. How many suppliers or contractors..?! I think I need anticipatory bail
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:Stiffler wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Really...!? Thats too broad. How many employees does kplc have. How many suppliers or contractors..?! I think I need anticipatory bail I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1.
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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xxxxx wrote:obiero wrote:Stiffler wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. Really...!? Thats too broad. How many employees does kplc have. How many suppliers or contractors..?! I think I need anticipatory bail I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1. Though it may need to write down assets e.g. crappy transformers, over-priced poles, pay for lawsuits, reduce customer billing, etc that will hurt the EPS and NAV. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. This is a very good clean up exercise.A stern warning to future thieves. Towards the goal of financial freedom
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Ebenyo wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. This is a very good clean up exercise.A stern warning to future thieves. My 2022 cow "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Whose cartels run the energy sector? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 11/13/2015 Posts: 1,587
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Ebenyo wrote:VituVingiSana wrote:ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers. This is a very good clean up exercise.A stern warning to future thieves. Have you seen the statement from the Board? Absolute no introspection even when the top brass has arrested for corruption and abuse of office. They didn't even promise that they will cooperate with ODPP to clean up house and improve the corporate governance. They said operations will continue uninterrupted. The board has trivialized the whole thing, they can't see any wrongdoing. That is not a clean up exercise it's a cartel game of musical chairs. Steal until the music stops. KPLC has a serious corporate culture of corruption and 'don't care' attitude. The future thieves will be promoted and plan better on how to steal.
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Rank: Member Joined: 12/11/2006 Posts: 884
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Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Another well-run GoK firm.  I am not in KPLC but like KQ it will get subsidies that will hurt other investments by way of higher taxes. Some firms e.g. ARM, TPSEA, FTGH, etc that have (expensive) electricity as a major input will continue feeling the pain. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. Handshake Life is short. Live passionately.
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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sparkly wrote:mlennyma wrote:obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. Handshake Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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kawi254 wrote:sparkly wrote:mlennyma wrote:obiero wrote:ngapat wrote:Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project. Congratulations to Eng Jared Otieno Kwanini mtu wetu ametoka. ...iam waiting for such bullshit. Handshake Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months. Blackout in court for ex-KPLC bosses court date...The irony
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