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KENGEN 2021-2025
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Ericsson
#41 Posted : Tuesday, November 30, 2021 9:16:28 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
What happened to the public-private partnership (PPP) development of up to 140 MW of the Olkaria VI geothermal power project?

It has been a year+ since that last 4 were shortlisted. This a rerun after first tendering and the loser went to court...roughly 5 years tendering & re-tendering one thing.

Also the Menengai Geothermal wells under GDC have never been commercialized. I wonder why?. Too many well drilled and not attached to any power plant all over Olkaria & Menengai.


The public-private partnership it will be difficult to get a bidder at the current tariffs.I see at the end KENGEN will do the project on their own.

GDC should be folded and absorbed to be part of Kengen,currently they are just burning cash and increasing the country's debt burden since their wells aren't been commercialised.
They were in Olkaria,then Menengai now they are in Baringo drilling wells.
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cyruskulei
#42 Posted : Thursday, December 02, 2021 2:07:41 PM
Rank: Member


Joined: 3/9/2010
Posts: 320
Location: kenya
Today the market has lost massively. Minimal demand.



Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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littledove
#43 Posted : Thursday, December 02, 2021 2:08:59 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
came down crashing today -9% with supply at 4 and still buyers are not coming- picked some hoping it will be back to 4.40 before books closure, that will be a good Christmas for me
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Extraterrestrial
#44 Posted : Thursday, December 02, 2021 2:18:43 PM
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Joined: 11/17/2018
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Possibility of material negative information is also there
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My 2 cents
#45 Posted : Thursday, December 02, 2021 2:55:18 PM
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Joined: 6/2/2010
Posts: 1,066
I also picked up a few at 4 bob a share with my emergency funds. They are cum div so effective price is 3.7
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Ericsson
#46 Posted : Sunday, December 05, 2021 1:33:01 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
My 2 cents wrote:
I also picked up a few at 4 bob a share with my emergency funds. They are cum div so effective price is 3.7

To calculate effective price to your cost add the brokerage fees you paid and the tax on the dividend.
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My 2 cents
#47 Posted : Sunday, December 05, 2021 3:09:51 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Ericsson wrote:
My 2 cents wrote:
I also picked up a few at 4 bob a share with my emergency funds. They are cum div so effective price is 3.7

To calculate effective price to your cost add the brokerage fees you paid and the tax on the dividend.


Am comparing like with like. The 4 bob doesn't include all that.
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Ericsson
#48 Posted : Sunday, December 12, 2021 1:07:16 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.the-star.co....lant-to-grid-next-year/

Kengen to add Olkaria I unit 6 geothermal power plant to the grid in March 2022
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kawi254
#49 Posted : Sunday, December 12, 2021 2:12:39 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-12-10-kengen-to-add-olkaria-6-geothermal-plant-to-grid-next-year/

Kengen to add Olkaria I unit 6 geothermal power plant to the grid in March 2022


a delay announcement. Was to be launched in 2021 Q3 then Q4.
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Ericsson
#50 Posted : Sunday, December 12, 2021 7:04:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-12-10-kengen-to-add-olkaria-6-geothermal-plant-to-grid-next-year/

Kengen to add Olkaria I unit 6 geothermal power plant to the grid in March 2022


a delay announcement. Was to be launched in 2021 Q3 then Q4.


Imagine
Then now 2022 Q1
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kawi254
#51 Posted : Tuesday, December 14, 2021 3:46:26 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
can minority shareholders get a board position?

100% of board positions in parastatal NSE traded firms like KenGen are Government backed political reward positions.

I would have expected that South African pension fund owning ~7% of KenGen to at least by now have gotten KenGen board representation.

Google dictionary sees parastatals as a thing found in 'some African countries'...LOL!

parastatal
/ˌparəˈsteɪt(ə)l/
adjective
(of an organization or industry, especially in some African countries) having some political authority and serving the state indirectly.
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Ericsson
#52 Posted : Tuesday, December 14, 2021 5:47:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
kawi254 wrote:
can minority shareholders get a board position?

100% of board positions in parastatal NSE traded firms like KenGen are Government backed political reward positions.

I would have expected that South African pension fund owning ~7% of KenGen to at least by now have gotten KenGen board representation.

Google dictionary sees parastatals as a thing found in 'some African countries'...LOL!

parastatal
/ˌparəˈsteɪt(ə)l/
adjective
(of an organization or industry, especially in some African countries) having some political authority and serving the state indirectly.


By the way PIC should have a seat at the board of Kengen since they have attained 10% shareholding.In this case their representative should be either the CEO or Finance director or investment manager.
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Ericsson
#53 Posted : Friday, December 17, 2021 9:23:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://youtu.be/wuOdflUmuQA

Kengen in talks with three countries for geothermal drilling contracts
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Ericsson
#54 Posted : Monday, December 20, 2021 6:54:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://www.businessdail...oid-sh936m-fine-3655580

Kenya power says it paid ksh.717mn while Kengen says on its books they received ksh.936mn
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Ericsson
#55 Posted : Friday, December 31, 2021 11:36:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Kengen debt repayment schedule
FY2021/2022---Ksh.9.593bn
FY2022/2023---Ksh.10.89bn
FY2023/2024---Ksh.11.439bn
FY2024/2025---Ksh.10.157bn
FY2025/2026---Ksh.9.708bn

Weighted Average cost of debt is 1.98%
Weighted average maturity is 15.9 years
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Ericsson
#56 Posted : Tuesday, January 18, 2022 9:21:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
https://citizen.digital/...-hill-geothermal-n290520
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Ericsson
#57 Posted : Thursday, January 20, 2022 1:46:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
https://citizen.digital/business/kengen-seeks-power-generation-licence-for-eburru-hill-geothermal-n290520


Electricity generating company KenGen has applied to the Energy and Petroleum Regulatory Authority (EPRA) for electric power generation licences for Eburru Hill Geothermal Plant.

At present, Eburru Hill has a generation capability of 2.44 megawatts (MW) and is to be a single well geothermal plant upon construction.

The plant is however set to be upgraded to 25MW while the entire Eburru geothermal field is estimated to have a potential of more than 50MW.
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Extraterrestrial
#58 Posted : Wednesday, February 23, 2022 3:08:07 PM
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Joined: 11/17/2018
Posts: 173
Location: Mars
Someone dumping big lots of Kengen at a loss.
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kmucheke
#59 Posted : Thursday, February 24, 2022 1:07:53 PM
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Joined: 3/16/2019
Posts: 313
Extraterrestrial wrote:
Someone dumping big lots of Kengen at a loss.

Russia - Ukraine crisis?
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Ericsson
#60 Posted : Tuesday, March 01, 2022 5:38:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Half Year 2021 Highlights
-Total revenue +14% to KES.24.8bn.
The growth is mainly attributed to higher revenue receipts from drilling consultancy and operations outside Kenya.

-Operating costs +8% to KES.14.1bn
Due to increased business activities in Ethiopia,repairs and maintenance and higher steam costs following increased dispatch from Olkaria I AU and V geothermal plants.

-Finance Costs -27% to KES.897mn
Owing to a reduction in loan balances
-Finance income increased by 22% to KES.1.009bn
The interest was earned on increased cash balances held for ongoing projects and loans whose repayment has been rescheduled as part of covid-19 relief program by financing partners.

-PBT +9% to KES.7.5bn
Income tax expense increased by 32% to KES.2.339bn from KES.1.817bn in December 2020 reflecting the impact of corporate tax reversal from 25% back to 30% and Olkaria V capital allowances all of which resulted in a lower effective tax rate of 26% in 2020.

-PAT +1.3% to KES.5.1bn
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