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


Joined: 12/4/2009
Posts: 10,121
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
cyruskulei
#42 Posted : Thursday, December 02, 2021 2:07:41 PM
Rank: Member


Joined: 3/9/2010
Posts: 304
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.

littledove
#43 Posted : Thursday, December 02, 2021 2:08:59 PM
Rank: Member


Joined: 7/1/2014
Posts: 844
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
Extraterrestrial
#44 Posted : Thursday, December 02, 2021 2:18:43 PM
Rank: Member


Joined: 11/17/2018
Posts: 163
Location: Mars
Possibility of material negative information is also there
My 2 cents
#45 Posted : Thursday, December 02, 2021 2:55:18 PM
Rank: Member


Joined: 6/2/2010
Posts: 719
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
Ericsson
#46 Posted : Sunday, December 05, 2021 1:33:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#47 Posted : Sunday, December 05, 2021 3:09:51 PM
Rank: Member


Joined: 6/2/2010
Posts: 719
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.
Ericsson
#48 Posted : Sunday, December 12, 2021 1:07:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#49 Posted : Sunday, December 12, 2021 2:12:39 PM
Rank: Member


Joined: 2/20/2015
Posts: 441
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.
Ericsson
#50 Posted : Sunday, December 12, 2021 7:04:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#51 Posted : Tuesday, December 14, 2021 3:46:26 PM
Rank: Member


Joined: 2/20/2015
Posts: 441
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.
Ericsson
#52 Posted : Tuesday, December 14, 2021 5:47:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#53 Posted : Friday, December 17, 2021 9:23:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
https://youtu.be/wuOdflUmuQA

Kengen in talks with three countries for geothermal drilling contracts
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#54 Posted : Monday, December 20, 2021 6:54:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#55 Posted : Friday, December 31, 2021 11:36:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#56 Posted : Tuesday, January 18, 2022 9:21:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
Location: NAIROBI
https://citizen.digital/...-hill-geothermal-n290520
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#57 Posted : Thursday, January 20, 2022 1:46:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,121
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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