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KenGen HY 2019
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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[quote=Extraterrestrial]The firms that increased their debts by huge margins include KenGen, whose stock of debt guaranteed by the government increased by Sh18 billion to Sh43 billion by end of June 2019 https://www.standardmedi...ed-debt-by-sh20-billion[/quote] How is EAPC still trading at NSE with this level of defaults and liquidity challenges?  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: Chief Joined: 5/31/2011 Posts: 5,121
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Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Kengen and KP are going the KQ way.... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. The PIBO was a very a small portion of total debt by July 2018 given the principal repayments made over the preceding 7-8 years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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maka wrote:kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Kengen and KP are going the KQ way.... There will be darkness in the country 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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kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Correct. The Finance charges are passed on to power consumers. Kengen's income is based on installed capacity and the units of power delivered. Life is short. Live passionately.
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Rank: Member Joined: 8/6/2018 Posts: 299
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sparkly wrote:kawi254 wrote:Ericsson wrote:mwekez@ji wrote:Because of debt, FY19 dividend will be significantly lower than FY18 @Kengen Are you sure. The PIBO was retired in October 2019. KenGen projectes (Olkarias) are funded by Japan JICA, EIB, WorldBank and a government guarantee is a must and also makes it possible to get low interest debt. The PPAs have a capacity charge that is supposed to cover repayment of this debts. It is not a sure bet though because if KPLC goes down so will KenGen and other IPPs. Correct. The Finance charges are passed on to power consumers. Kengen's income is based on installed capacity and the units of power delivered. Only Finance costs during construction are included in Capacity Payment...on commissioning, the Consumer only pays forex fluctuations on the Finance Costs and Principal payments....Only forex differences and on specific plants..the customers dont pay for KenGen Finance Costs in totality thus
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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Often ignored is how hard it is to raise funds for power projects (geothermal). 6 years later the IPPs contracted by GDC to build Menengai geothermal plants haven't yet secured financing. Would have been cheaper,faster for Centum(Akiira) to invest in Menengai where steam is already available rather than sink billions in drilling empty wells.
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