http://kenyanwallstreet....ectricity-national-grid

The Kenyan Government has abandoned its 2013 ambitious plan aimed at increasing the country’s installed electricity generating capacity by 5,000 megawatts to 6,600MW supposed to be completed by 2016.

According to Citizen TV, the govt’ noted that demand from large consumers had slowed down and also wants to avoid racking up expensive loans.

Kenya’s Energy and Petroleum Cabinet Secretary Charles Keter said that they are currently monitoring the situation as they plan to engage manufacturers to scale up production hence increase electricity production.

“You can get up to 10,000MW, but if we are only doing 1,600MW then it becomes very expensive because for most of these projects we take loans. What we are doing is to monitor the demand,” Mr Keter said.

Kenya has an installed capacity of 2,294 megawatts with a peak demand of 1,600 megawatts.

Mr Keter said funds will be channeled towards increasing demand as well as stabilizing transmission to eradicate power outages.

“That is one element that is making the cost of power high. Whether you have demand or not you have to run the machines but that is being addressed,” he said.

It has started raining which might give a relief on the power bills in terms of fuel cost charge and a boost to KENGEN revenues due to improved hydro power.
This is if the rains persist beyond february

Thank God we have geothermal the situation would have been dire by now

I like these kinds of simple questions.

Been wondering the same.

No logical answer.

Therefore; settled for KENGEN long-term [10-20yrs] instead of KQ.

mid term result,iko profits,but will we declare dividends??/

KQ is grossly undervalued.

Not the top share on the NSE but definitely top 10 at current prices.

KENGEN to commission two geothermal plants later this month;
-The two geothermal plants to be ready in 24-27 months and maximum 30 months.
-Power plants to generate 210MW
-Olkaria V-140MW and Olkaria I extension-70-80MW
-The two power plants to be financed by a loan from JICA

@Ebenyo,this month and the way the market is behaving we will definitely declare profits,will confirm about the dividends,

ten years ago:Interim dividend of Ksh.0.40 on 28/02/2007. Books closure on 22/03/2007. Payment date 30/05/2007

lets hope for an interim dividend this time too.

@Mthaka said KQ not KenGen