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Centum 2019/2020
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." Link;https://www.businessdailyafrica.com/markets/marketnews/EIB-cancels-Centum-geothermal-loan/3815534-5322194-3p7ou7/index.html Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry...
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Very well explained. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/6/2018 Posts: 299
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VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum....Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum.... Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S Wasn't it KenGen that consulted & drilled for Akira the dry wells? I remember KenGen declaring some 1+ Billion of 'other income' from Geothermal consultancy some time back
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum....Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S Ouch!!! Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kawi254 wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum.... Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S Wasn't it KenGen that consulted & drilled for Akira the dry wells? I remember KenGen declaring some 1+ Billion of 'other income' from Geothermal consultancy some time back https://www.businessdail...7500-fduew3z/index.html
Hapa enyewe it was greed by centum who wanted everything. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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kawi254 wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum.... Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S Wasn't it KenGen that consulted & drilled for Akira the dry wells? I remember KenGen declaring some 1+ Billion of 'other income' from Geothermal consultancy some time back I think KenGen leased them their drilling rigs...even if KenGen were to be the consultants, they dont take the risk...
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.news9.co.ke/...after-stiff-competition
Chandarana Supermarket, Two Rivers branch, has been closed after suffering two-and-a half year of stiff competition from Carrefour, a giant international retail store. The retail store closed its doors on Monday 21, relocating to Ridge Ways Mall along Kiambu-Nairobi high way. Plans to relocate begun early July when the Supermarket failed to repair its entrance door, which remained closed throughout its operations. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...7600-um43gfz/index.html
Amu power dead Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/AfDB-decides-not-to-fund-Kenya-coal-project/3815534-5347600-um43gfz/index.html
Amu power dead This i knew would not work since the bidding process started, yet am a small tiny 'fish  ' in the investment world 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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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We look forward to welcoming our shareholders and interested investors to our HY 2019/2020 Results Release and Investor Briefing to be held on 28th November 2019 @ 07:00 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:We look forward to welcoming our shareholders and interested investors to our HY 2019/2020 Results Release and Investor Briefing to be held on 28th November 2019 @ 07:00  I expect a super profit to be announced given the same of Almasi. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Two Rivers entangled in Koinange assets row https://www.businessdail...3232-7r6l5oz/index.html
Some members of the Koinange family, which is locked in vicious court fight over multi-billion shilling assets are questioning the size of the land sold to Centum. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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VituVingiSana wrote:Two Rivers entangled in Koinange assets row https://www.businessdail...3232-7r6l5oz/index.html
Some members of the Koinange family, which is locked in vicious court fight over multi-billion shilling assets are questioning the size of the land sold to Centum. Wow...this family just never stops fighting over property
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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watesh wrote:VituVingiSana wrote:Two Rivers entangled in Koinange assets row https://www.businessdail...3232-7r6l5oz/index.html
Some members of the Koinange family, which is locked in vicious court fight over multi-billion shilling assets are questioning the size of the land sold to Centum. Wow...this family just never stops fighting over property They haven't worked for it so it's all "free" money for them. They (family) should be glad that Centum (& others) paid them billions for the land so could eat before they died. 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: 10,684 Location: NAIROBI
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VituVingiSana wrote:watesh wrote:VituVingiSana wrote:Two Rivers entangled in Koinange assets row https://www.businessdail...3232-7r6l5oz/index.html
Some members of the Koinange family, which is locked in vicious court fight over multi-billion shilling assets are questioning the size of the land sold to Centum. Wow...this family just never stops fighting over property They haven't worked for it so it's all "free" money for them. They (family) should be glad that Centum (& others) paid them billions for the land so could eat before they died. Why should they be glad if there's an allegation that the contract wasn't followed to the letter Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:watesh wrote:VituVingiSana wrote:Two Rivers entangled in Koinange assets row https://www.businessdail...3232-7r6l5oz/index.html
Some members of the Koinange family, which is locked in vicious court fight over multi-billion shilling assets are questioning the size of the land sold to Centum. Wow...this family just never stops fighting over property They haven't worked for it so it's all "free" money for them. They (family) should be glad that Centum (& others) paid them billions for the land so could eat before they died. Why should they be glad if there's an allegation that the contract wasn't followed to the letter Kelele ya chura. Anyhow, let's see where it ends up after all, it's only been 39 years  Onto more important things, has anyone visited Two Rivers recently to see the progress of Riverbank Apartments and Cascadia? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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KaunganaDoDo wrote:kawi254 wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ericsson wrote:Angelica _ann wrote:Fyatu wrote:VituVingiSana wrote:Ericsson wrote:The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project." It's time for Centum to make a 100% provision for Akiira and Amu. When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0. I'm just following the money here Am i small fish but i saw these shenanigans coming, how the Centum gurus or any other investor in these goal plants dint see this i wonder - based on the 'new' constitution. It was bound to be a fight with the locals and human rights individuals/organizations out to eat. Lakini yote ni sawa. This is the geothermal power plant in Menengai Its actually proposed site at the Longonot, just after KenGen Olkaria IV. They have been burnt beyond recognition. The risk with Geothermal energy is huge at the prospective, drilling stages....you drill so many directional wells of many km, only for it to turn out dry...dry wells...or small steam capacity...and one exploratory well costs around 6M USD....This is the primary reason the government formed GDC, to derisk the geothermal energy from these kinds of risks...GDC does the exploratory drilling, once they find the steam capable of running a power plant for 25 years, they sign Steam Supply Agreement with Power Generation Companies...like what they did with KenGen(Olkaria IV and Olkaria 1 unit IV &V, 280MW) ...KenGen pays GDC 2 US cents per kWh generated...the same applies to the menengai 105MW(35MW, orpower,35MW sosian, and 35MW Quantum...) the 3 IPPs will pay GDC 2 US cents per kWh once generation starts....But greedy firms like Centum ( AGIL & Akira Marine Power)who wants everything, will lose everything when their wells turn dry...All their wells turned dry... Isn't it better for PRIVATE firms to lose money than the TAXPAYER? Whereas I do not want Centum to lose money, in the bigger picture I would rather see PRIVATE investments and not GoK do so given the level of debt and corruption. Hahaha. Energy Supply is a public good. But i see your point. Kuwa na Huruma kwa Centum.... Only that the public sector has more experienced Geologists and Engineers who knows the smell of steam KMs away....Even Ethiopia is using KenGen Geologists/engineers...S Wasn't it KenGen that consulted & drilled for Akira the dry wells? I remember KenGen declaring some 1+ Billion of 'other income' from Geothermal consultancy some time back I think KenGen leased them their drilling rigs...even if KenGen were to be the consultants, they dont take the risk... Centum turns to KenGen in fresh geothermal questCentum could take that 75% PPP being offered by KenGen in Olkaria for already drilled wells and available steam instead of risking another dry well. Looks like KenGen's side hustle of drilling is becoming a main hustle.
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