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Eddy Njoroge retires from KenGen
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Obi 1 Kanobi
#51 Posted : Thursday, November 29, 2012 4:12:23 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
josimar wrote:
Truth of the matter is that the company has borrowed extensively to finance ongoing projects such as Olkaria 280mw geothermal project. The company has also embarked on ambitious expansion through PPP concept for 560 MW on the same Olkaria field.One wonders why the hurry yet.....


I am surprised that you cannot see the urgency;

- to increase our power output to some reasonable level, SA has over 20,000 MW installed capacity for approx. 50M people while ours is a paltry 1,400MW at best for 40M people.
- we need to replace the expensive diesel generators with long term clean sources of power.

The loans you are referring to are so cheap, the effective interest rate on the loans are less than 5% (see FS). Why would you complain abt such a cheap loan thats being put to good use.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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murchr
#52 Posted : Thursday, November 29, 2012 6:21:33 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Obi 1 Kanobi wrote:
josimar wrote:
Truth of the matter is that the company has borrowed extensively to finance ongoing projects such as Olkaria 280mw geothermal project. The company has also embarked on ambitious expansion through PPP concept for 560 MW on the same Olkaria field.One wonders why the hurry yet.....


I am surprised that you cannot see the urgency;

- to increase our power output to some reasonable level, SA has over 20,000 MW installed capacity for approx. 50M people while ours is a paltry 1,400MW at best for 40M people.
- we need to replace the expensive diesel generators with long term clean sources of power.

The loans you are referring to are so cheap, the effective interest rate on the loans are less than 5% (see FS). Why would you complain abt such a cheap loan thats being put to good use.


Others are 1%
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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murchr
#53 Posted : Thursday, November 29, 2012 6:31:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jamani wrote:
murchr wrote:
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.

Quote:
I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal


murchr wrote:
Quote:
Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right
.

On the 800M do yourself a favor and join the Mpigs as they are interrogating him, when the time comes. He's still MD till next year


He already did us a favour by quitting much to your disappointment


I aint dissappointed. Not at all. Unlike you, I dont mind of what I will have today. I look into the future and in that, Eddy represented my interests. I knew well enough that he is not immortal and expected it. The guy has done good, from my view, if you don't like him because he is not from your tribe, then thats your problem and it has nothing to do with me. I just hope the next person is Dr. Simiyu.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Jamani
#54 Posted : Thursday, November 29, 2012 7:04:07 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
Jamani wrote:
murchr wrote:
Jamani wrote:
murchr wrote:

I was referring to his decision to quit despite having a contract that would expire in 2015.


Quote from BD
“He quit for undisclosed personal reasons. It has nothing to do with the retirement age since we gave a new five year contract that was to run beyond the 60 years,” said a KenGen director who sought anonymity because he is not the board’s spokesperson.

Quote:
I will ignore the highlighted comment..... and wont google i already know the answers to it but will again question the alleged sh800M deal


murchr wrote:
Quote:
Stock price right now says nothing. I will say anything in 2030.

I agree with Itz. Eddy was/is top notch. Being a christian I guess he couldnt stand going against what is right
.

On the 800M do yourself a favor and join the Mpigs as they are interrogating him, when the time comes. He's still MD till next year


He already did us a favour by quitting much to your disappointment


I aint dissappointed. Not at all. Unlike you, I dont mind of what I will have today. I look into the future and in that, Eddy represented my interests. I knew well enough that he is not immortal and expected it. The guy has done good, from my view, if you don't like him because he is not from your tribe, then thats your problem and it has nothing to do with me. I just hope the next person is Dr. Simiyu.


Man read I am happy he left...Narrow thinking on tribe and not why i have issues with Njoroge... read the sh800M thats my beef nothing more. why would you think am not from his tribe? Man focus on the issue i raised not side shows
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  | | Edit by user: Thursday, November 29, 2012 7:06 PM | Reason: Not specified
murchr
#55 Posted : Thursday, November 29, 2012 7:12:33 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jamani wrote:
No he is from my tribe....Laughing out loudly Laughing out loudly


Shame on you
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Jamani
#56 Posted : Thursday, November 29, 2012 7:34:22 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
Jamani wrote:
No he is from my tribe....Laughing out loudly Laughing out loudly


Shame on you


MR. why cant you read the context.... anyway i shall leave you alone.
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murchr
#57 Posted : Thursday, November 29, 2012 7:44:46 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Jamani wrote:
murchr wrote:
Jamani wrote:
No he is from my tribe....Laughing out loudly Laughing out loudly


Shame on you


MR. why cant you read the context.... anyway i shall leave you alone.


You brought up the rib issue..as i tribes think. again Shame on you
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Jamani
#58 Posted : Thursday, November 29, 2012 7:47:15 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
murchr wrote:
Jamani wrote:
murchr wrote:
Jamani wrote:
No he is from my tribe....Laughing out loudly Laughing out loudly


Shame on you


MR. why cant you read the context.... anyway i shall leave you alone.


You brought up the rib issue..as i tribes think. again Shame on you


i will use your statement dont be lazy read the context of the matter from where it started.
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mukiha
#59 Posted : Friday, November 30, 2012 12:34:55 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
King G wrote:
You guys realy like it when there is some blood on the streets!

Change is good, let Njoroge go. Kenya is not short of talent. He will be replaced by capable talent tribe or no tribe, religion or no religion.



You remind me of this comment by Mudavadi: "Gakuo has done a very good job and I think it is time we gave the job to some one else..."
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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ProverB
#60 Posted : Friday, November 30, 2012 12:41:19 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Obi 1 Kanobi wrote:
He announced his retirement at todays AGM. Leaves in 6 months.

A very big blow for the Company.


I remember once receiving library advice from him..

"..in all your reading, please make room..immense room for Good to Great by Jim Collins."
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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