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Kenya Power FY2017
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:Ebenyo wrote:Angelica _ann wrote:Executive Order from PORK, KPLC industrial tariff to be reduced by 50% at night. wapi link? Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!! 10pm to 6am.. But security needs to be addressed first Exactly Obiero; working at night also comes with compensation like overtime,food,transport Saw Keter clap so hard. This one is finished, let us compare at half year results He is trying to protect his job that's why he clapped so so hard
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Rank: Member Joined: 2/20/2015 Posts: 465 Location: Nairobi
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enyands wrote:Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:Ebenyo wrote:Angelica _ann wrote:Executive Order from PORK, KPLC industrial tariff to be reduced by 50% at night. wapi link? Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!! 10pm to 6am.. But security needs to be addressed first Exactly Obiero; working at night also comes with compensation like overtime,food,transport Saw Keter clap so hard. This one is finished, let us compare at half year results He is trying to protect his job that's why he clapped so so hard My thinking with Kenya Power's liquidity crisis e.g not able to pay KenGen 6B withing agreed credit period: 1. For the last mile project Kenya Power has used it's internal funds to fund it as probably Govt has not transferred promised cash and had to be accelerated to deliver votes. 2. Kenya Power ha used internal funds for the 'Stima mtaani' project where it is putting up street lights all over the country's major towns and Govt has paid promised funds. 3. The Govt/counties probably hasn't paid the Electricity used up in the streetlights project 4. last few months Kenya Power been changing meter numbers in a very disorganized way which is affecting payments for postpaid bills. There must be some subsidy GOK will pay KPLC for the 50% off-peak tariff reduction. I see no other way for KPLC to make a profit or even break even because the tariff price is below market price for Kwh unit. And the way GOK works it will delay that subsidy so not looking good for Kenya Power and in turn KenGen who will not get paid by Kenya Power.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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kawi254 wrote:enyands wrote:Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:Ebenyo wrote:Angelica _ann wrote:Executive Order from PORK, KPLC industrial tariff to be reduced by 50% at night. wapi link? Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!! 10pm to 6am.. But security needs to be addressed first Exactly Obiero; working at night also comes with compensation like overtime,food,transport Saw Keter clap so hard. This one is finished, let us compare at half year results He is trying to protect his job that's why he clapped so so hard My thinking with Kenya Power's liquidity crisis e.g not able to pay KenGen 6B withing agreed credit period: 1. For the last mile project Kenya Power has used it's internal funds to fund it as probably Govt has not transferred promised cash and had to be accelerated to deliver votes. 2. Kenya Power ha used internal funds for the 'Stima mtaani' project where it is putting up street lights all over the country's major towns and Govt has paid promised funds. 3. The Govt/counties probably hasn't paid the Electricity used up in the streetlights project 4. last few months Kenya Power been changing meter numbers in a very disorganized way which is affecting payments for postpaid bills. There must be some subsidy GOK will pay KPLC for the 50% off-peak tariff reduction. I see no other way for KPLC to make a profit or even break even because the tariff price is below market price for Kwh unit. And the way GOK works it will delay that subsidy so not looking good for Kenya Power and in turn KenGen who will not get paid by Kenya Power. Efficiency is needed in this company Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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kawi254 wrote:enyands wrote:Angelica _ann wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:Ebenyo wrote:Angelica _ann wrote:Executive Order from PORK, KPLC industrial tariff to be reduced by 50% at night. wapi link? Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!! 10pm to 6am.. But security needs to be addressed first Exactly Obiero; working at night also comes with compensation like overtime,food,transport Saw Keter clap so hard. This one is finished, let us compare at half year results He is trying to protect his job that's why he clapped so so hard My thinking with Kenya Power's liquidity crisis e.g not able to pay KenGen 6B withing agreed credit period: 1. For the last mile project Kenya Power has used it's internal funds to fund it as probably Govt has not transferred promised cash and had to be accelerated to deliver votes. 2. Kenya Power ha used internal funds for the 'Stima mtaani' project where it is putting up street lights all over the country's major towns and Govt has paid promised funds. 3. The Govt/counties probably hasn't paid the Electricity used up in the streetlights project 4. last few months Kenya Power been changing meter numbers in a very disorganized way which is affecting payments for postpaid bills. There must be some subsidy GOK will pay KPLC for the 50% off-peak tariff reduction. I see no other way for KPLC to make a profit or even break even because the tariff price is below market price for Kwh unit. And the way GOK works it will delay that subsidy so not looking good for Kenya Power and in turn KenGen who will not get paid by Kenya Power. During Moi era the govt did the same thing and KPLC was technically bankrupt trading at 7 bob. ERC was established to stop political interference but the more things change the more they remain the same.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Angelica _ann wrote:Ebenyo wrote:Angelica _ann wrote:Executive Order from PORK, KPLC industrial tariff to be reduced by 50% at night. wapi link? Wait you read in the newspapers tomorrow, part of PORK speech after swearing in!!! Lamenting hard how malnourished is your progeny and ditacting their daily ration yet you have not provided and created the right environment for their mother to cook and serve while consuming the little available is insanity. They will milk their mother to death, and then turn. On you. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:http://www.businessdailyafrica.com/economy/Kenya-Power-defaults-Sh6bn-KenGen-bill/3946234-4203534-704s82/index.html
Kenya Power defaulted paying Sh6.4 billion it owes KenGen for electricity delivered in the year ending June, prompting the intervention of top Energy ministry officials. The electricity distributor failed to pay the bill within the required 40-day credit window in line with their contract, exposing KenGen to credit risk, according to financial statements for the year ending June 2017. Current liabilities is kshs 75,258,000,000.Finance cost was kshs 5,651,000,000.These means they cant pay the ksh 6.4 billion in lumpsum.It will have to be added under non current liabilities which is kshs 196,433,000,000 and be paid in installments. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:http://www.businessdailyafrica.com/economy/Kenya-Power-defaults-Sh6bn-KenGen-bill/3946234-4203534-704s82/index.html
Kenya Power defaulted paying Sh6.4 billion it owes KenGen for electricity delivered in the year ending June, prompting the intervention of top Energy ministry officials. The electricity distributor failed to pay the bill within the required 40-day credit window in line with their contract, exposing KenGen to credit risk, according to financial statements for the year ending June 2017. Current liabilities is kshs 75,258,000,000.Finance cost was kshs 5,651,000,000.These means they cant pay the ksh 6.4 billion in lumpsum.It will have to be added under non current liabilities which is kshs 196,433,000,000 and be paid in installments. On top of that add 50% reduction in tariffs to industries while still buying from generators at the current prices Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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http://www.businessdaily...27950-2dplcuz/index.htmlWealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/Shareholders-vote-Marende-off-Kenya-Power-board/4003102-4227950-2dplcuz/index.html that was a good move from shareholders.Political appointees dont add value to a business. Towards the goal of financial freedom
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ebenyo wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/Shareholders-vote-Marende-off-Kenya-Power-board/4003102-4227950-2dplcuz/index.html that was a good move from shareholders.Political appointees dont add value to a business. Chairman will still be a political appointee. 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: 7/21/2010 Posts: 6,175 Location: nairobi
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Ebenyo wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/Shareholders-vote-Marende-off-Kenya-Power-board/4003102-4227950-2dplcuz/index.html that was a good move from shareholders.Political appointees dont add value to a business. share doing huge volumes at 9.50 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 12/24/2008 Posts: 112
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@Ebenyo...I agree political appointees rarely add value to a business, but the largest shareholder in KPLC is GoK...hence appointment of Zipporah Kering - a failed politician (at least at the 2017 Jubilee nominations) - should give minority shareholders sleepless nights, as did one of her predecessors, Chesiyna - who failed in the 2013 nomination but succeeded in the 2017 one...
Dynamic duo keeping their promises of jobs for the boys (and girls) who failed in the Jubilee nominations...
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Elephant Man wrote:@Ebenyo...I agree political appointees rarely add value to a business, but the largest shareholder in KPLC is GoK...hence appointment of Zipporah Kering - a failed politician (at least at the 2017 Jubilee nominations) - should give minority shareholders sleepless nights, as did one of her predecessors, Chesiyna - who failed in the 2013 nomination but succeeded in the 2017 one...
Dynamic duo keeping their promises of jobs for the boys (and girls) who failed in the Jubilee nominations...
@elephantman,i agree with you.But we need a diversified portfolio. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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https://www.businessdail...237380-9rlvpk/index.htmlWealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Ericsson wrote:https://www.businessdailyafrica.com/economy/Kenya-Power-reveals-Sh3-3bn-subsidy-cheap-connections/3946234-4237380-9rlvpk/index.html The Gok must be serious with the last line project by releasing funds to kenya power on time. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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https://www.businessdail...0638-rgu8miz/index.html
Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year. Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production. The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017. About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices. Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/16/2012 Posts: 660
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Ericsson wrote:https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html
Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.
Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.
The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.
About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.
Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period. Is this even legal ? BD wrote:The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh) The above statement makes no sense. Stuck ? Really ? Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Museveni wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html
Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.
Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.
The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.
About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.
Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period. Is this even legal ? BD wrote:The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh) The above statement makes no sense. Stuck ? Really ? A government monopoly company will always have the last laugh ,the people will always pay for any damage "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:Museveni wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Power-consumers-pay-Sh8-1bn-backdated-bills/539546-4250638-rgu8miz/index.html
Electricity consumers face Sh8.1 billion backdated bills as Kenya Power moves to recover costs incurred on diesel generators last year but were not factored in monthly charges while the government sought to keep a lid on utilities in an election year.
Kenya Power has revealed the hefty bill in its annual financial statement, explaining that it arose from severe drought last year which necessitated a surge in the uptake of expensive diesel-generated electricity that compensated for a sharp dip in hydropower production.
The bill is part of the Sh10.1 billion identified as unrecovered power fuel costs in the State-owned firm’s annual statement for the year ended June 2017.
About Sh2 billion has been recovered so far, leaving out Sh8.1 billion that will be passed on to consumers in monthly invoices.
Kenya Power was made to absorb the fuel costs in the months leading up to the August 8 elections, building up the arrears over the period. Is this even legal ? BD wrote:The levy, however, got stuck at Sh2.85 per kilowatt hour (kWh) The above statement makes no sense. Stuck ? Really ? A government monopoly company will always have the last laugh ,the people will always pay for any damage Kazi ya Chupilee. Cheating wananchi that the power they got in their manyattas is cheap. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Measures to improve kenya power cashflow position and to help it in clearing the debt it owes kengen Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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