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Kenya Power HY 2019
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kenyan2019
#281 Posted : Thursday, October 22, 2020 3:04:42 PM
Rank: New-farer


Joined: 12/30/2018
Posts: 94
Kenya Power on the spot for ignoring cheaper electricity https://www.businessdail...per-electricity-2485982 via @BD_Africa

Kenya Power is on the spot for prioritising expensive thermal power over the cheaper options such as geothermal and hydro, effectively setting up consumers for higher electricity prices.

Data by the Energy and Petroleum Regulatory Authority (Epra) shows that the power distributor last month took the highest proportion of the expensive thermal power in more than a year while reserving the lowest slot for the cheaper geothermal power.
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kawi254
#282 Posted : Thursday, October 22, 2020 3:30:13 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-on-the-spot-ignoring-cheaper-electricity-2485982

The IPPs have to make money.


Turkwell dam is about to overflow.

Do they run the turbines at 100% or they will just let the water spill away in such a scenario?
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Ericsson
#283 Posted : Thursday, October 22, 2020 3:52:37 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-on-the-spot-ignoring-cheaper-electricity-2485982

The IPPs have to make money.


Turkwell dam is about to overflow.

Do they run the turbines at 100% or they will just let the water spill away in such a scenario?


Yes the turbines can run at 100%,transmission lines capacity is the limiting factor to evacuate all the power generated
Wealth is built through a relatively simple equation
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Ericsson
#284 Posted : Thursday, October 22, 2020 3:54:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kenyan2019 wrote:
Kenya Power on the spot for ignoring cheaper electricity https://www.businessdail...per-electricity-2485982 via @BD_Africa

Kenya Power is on the spot for prioritising expensive thermal power over the cheaper options such as geothermal and hydro, effectively setting up consumers for higher electricity prices.

Data by the Energy and Petroleum Regulatory Authority (Epra) shows that the power distributor last month took the highest proportion of the expensive thermal power in more than a year while reserving the lowest slot for the cheaper geothermal power.


Thermal power stations/IPPs are owned by powerful forces.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#285 Posted : Friday, October 30, 2020 7:43:17 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Delayed publication of audited financial statements for the year ended 30 June 2020.

https://mobile.twitter.c...2008311617802240/photo/1
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Fyatu
#286 Posted : Friday, October 30, 2020 8:08:46 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ericsson wrote:
Delayed publication of audited financial statements for the year ended 30 June 2020.

https://mobile.twitter.c...008311617802240/photo/1



Don't say you were not warned. This is a carcass. Cut your losses and run. Sub 1 bob is on the horizon.
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#287 Posted : Monday, November 02, 2020 8:57:05 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,098
Location: Nairobi
https://www.businessdail...s-bill-defaults-2727922 Kenya Power braces for customers bill defaults
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#288 Posted : Tuesday, November 03, 2020 8:32:08 AM
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VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-braces-for-customers-bill-defaults-2727922 Kenya Power braces for customers bill defaults

This one earliest investors should expect to see dividend or turnaround is 2025.
COVID-19 has complicated things
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#289 Posted : Tuesday, November 03, 2020 12:06:56 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.standardmedi...y-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power
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kawi254
#290 Posted : Wednesday, November 04, 2020 1:52:36 AM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
https://www.standardmedia.co.ke/financial-standard/article/2001392441/us-firm-on-the-spot-for-overpriced-electricity-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power


While releasing Q3 results ended September 30, 2020, Ormat (Or Power) says KPLC has made all scheduled payments for the third quarter and has started reducing overdue amount in October.

link

Could be KPLC liquidity has improved or they pay the IPP's first leaving KenGen with the egg.
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kmucheke
#291 Posted : Wednesday, November 04, 2020 12:35:04 PM
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Joined: 3/16/2019
Posts: 313
Ericsson wrote:
https://www.standardmedia.co.ke/financial-standard/article/2001392441/us-firm-on-the-spot-for-overpriced-electricity-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power


You were right, something fishy is behind these IPP deals.

Quote:
The Paris-based news outlet Africa Intelligence reported that the US Department of State has been asked by the OECD’s Anti-Bribery Convention to open an administrative inquiry into Ormat’s contract with Kenya Power.
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Ericsson
#292 Posted : Wednesday, November 04, 2020 1:17:12 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/financial-standard/article/2001392441/us-firm-on-the-spot-for-overpriced-electricity-pact-with-kenya-power

Or power overpriced electricity pact with Kenya power


While releasing Q3 results ended September 30, 2020, Ormat (Or Power) says KPLC has made all scheduled payments for the third quarter and has started reducing overdue amount in October.

link

Could be KPLC liquidity has improved or they pay the IPP's first leaving KenGen with the egg.


Kengen wajipange
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#293 Posted : Monday, November 09, 2020 7:40:25 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#294 Posted : Tuesday, November 10, 2020 7:58:46 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020


Above news is not yet released officially by Kenya Power or NSE yet it is all over the media.

Not that it makes any material change to Kenya Power trading as everyone could tell the results will be bad bad but this is information for insider trading that some people had and divulged to the media long before official release.

On NSE by the time you see information in the media it is already too late to trade on it.
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VituVingiSana
#295 Posted : Tuesday, November 10, 2020 8:26:11 PM
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Joined: 1/3/2007
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Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#296 Posted : Tuesday, November 10, 2020 8:30:53 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


https://www.businessdail...oss-in-17-years-3016840


https://www.standardmedi...inks-further-into-losses
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#297 Posted : Wednesday, November 11, 2020 10:33:11 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#298 Posted : Wednesday, November 11, 2020 1:22:44 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#299 Posted : Wednesday, November 11, 2020 1:45:48 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of


They are proud having you as a shareholder.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#300 Posted : Wednesday, November 11, 2020 2:44:03 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Kenya power reports unaudited net loss of ksh.2.98bn for FY 2019/2020
Link to the results?


The news has put a dent on share price.

and they keep inviting me for AGM as if it's something to be proud of


They are proud having you as a shareholder.


We called this one out in 2017/2018 results, good to see we were right. Will take time to recover.
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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