Sensational media.

In July 2017 total local power generated was 867.02 Million Kwh and imported from Uganda was 23.04 Millon Kwh which is just ~ 2.66 % (KNBS). And the power imports are mostly to Western border counties where reach of Kenya's Grid is not adequate.





Kipevu III was commissioned in 2011 and with PPA running for 20 or 25 Yrs capacity charge will still be paid even if decommissioned.


Yes, Hyrdorology in 2017 was bad but some Hydro's now receiving capacity charges that previously they weren't eligible and Hydro is just $ 0.023/Kwh so the bump will be cancelled by increased geothermal generation.

Biggest worry for me is the creative accounting last financial year of geothermal consultancy revenues running into Billions.

Yes, Mombasa is now linked to Geothermal power (since August) but Geothermal from Olkaria III (Ormat) and Kengen Olkaria is only ~500 MW not enough to power the country during the day/peak hours hence the thermal stations in Mombasa will still run during the day/peak hours.

Also during 2016/17 KenGen's decommissioned Embakasi Gas Turbine and moved it to Western Kenya to replace Aggreko's thermal


But let us wait for the fully year Audited financial results.

The financial results will give us the reality of those projections.

PBT 11.5 vs 11.2 year prior. No dividend