Wazua
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Kenya Power FY 2017/2018
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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KaunganaDoDo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDoDo and @kawi254, do you see this counter testing 3bob? It will, for sure as the sun will shine tomorrow, it will. The full year will be tooo baaaaaad. Sub four is a must Results will be released saa ngapi Before 15th I should think so Dividend.....0.50 per share.... Hahahahaha...Dividend hadi 2023...The company is both profit and cash constrained. Plus they will need to pay 6B in December for the Stan Chart 50B syndicated loan they took in 2016. Maturity has come. These sort of loans are often renewed and their Baba Bailout is always there to help out. All said and done, it remains tough for KPLC. The new management should go for a Big Bath accounting move to clean up the books and give themselves a cushion to make themselves look good in the future. Baba Bailout is also looking for a bailout for himself SGR loan messed him Baba Bailout will get the money he seeks but the Watoto (& their kids) shall pay the price in the future. "The harvest is finished, and the summer is gone," the people cry, "yet we are not saved!" This should be the week, hopefully to be saved. Time is over. The salvation i want is kshs 0.50 dividend. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Ebenyo wrote:KaunganaDoDo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDoDo and @kawi254, do you see this counter testing 3bob? It will, for sure as the sun will shine tomorrow, it will. The full year will be tooo baaaaaad. Sub four is a must Results will be released saa ngapi Before 15th I should think so Dividend.....0.50 per share.... Hahahahaha...Dividend hadi 2023...The company is both profit and cash constrained. Plus they will need to pay 6B in December for the Stan Chart 50B syndicated loan they took in 2016. Maturity has come. These sort of loans are often renewed and their Baba Bailout is always there to help out. All said and done, it remains tough for KPLC. The new management should go for a Big Bath accounting move to clean up the books and give themselves a cushion to make themselves look good in the future. Baba Bailout is also looking for a bailout for himself SGR loan messed him Baba Bailout will get the money he seeks but the Watoto (& their kids) shall pay the price in the future. "The harvest is finished, and the summer is gone," the people cry, "yet we are not saved!" This should be the week, hopefully to be saved. Time is over. The salvation i want is kshs 0.50 dividend. Sawa Mr Chairman,we are waiting for your announcement Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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KaunganaDoDo the Kenya power future predictor; https://www.standardmedi...kenya-power-to-pay-dues
An American electricity supplier has complained about delayed payments from Kenya Power. Ormat Technologies, which operates five geothermal plants in Nakuru through subsidiaries - OrPower and Menengai - cited inconsistencies in bill settlement for power sales since last year. However, Kenya Power yesterday denied that it had trouble paying up, saying that the settlement of the amount due for power generators is usually the first charge even before its staff's salaries are paid. “We have never had any problems with any of the generators, not even the biggest one, KenGen, in terms of paying for electricity supplied,” Communication Manager Johnstone ole Turana said. He added that it was “highly unlikely” that any power generator had any claims on past dues. The American firm said that although it was convinced that Kenya Power was unlikely to default altogether, failure to pay on time signalled trouble for any business. “We have historically been able to collect on substantially all our receivable balances. Recently, we have been receiving late payments from KPLC in Kenya related to our Olkaria Complex,” said the firm in a caution to shareholders. It did not indicate how much it was owed. Your opinion is valuable. Take this quick survey to help us improve the website and content Last year, OrPower sold electricity worth nearly Sh12 billion to Kenya Power for 1,172 units generated from geothermal wells in Naivasha. “As we believe we will be able to collect all past due amounts, no provision for doubtful accounts has been recorded,” Ormat Technologies, which is also fighting a Sh1.7 billion tax claim against the Kenya Revenue Authority, added. The latest development should worry consumers and investors in the power utility firm, coming only weeks after a string of missteps, including a delay in announcing its operating results for the year that ended on June 30. Among the reasons given was the disruption at the management level due to the suspension of several of the firm's top executives. The firm has sought more time to prepare the financial books but also cautioned shareholders that profits would plunge by at least Sh1.8 billion. In 2016, the firm reported Sh7.5 billion profit. Several of its managers are facing criminal charges in connection with fraud in the procurement and acquisition of faulty equipment. 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:KaunganaDoDo the Kenya power future predictor; https://www.standardmedi...kenya-power-to-pay-dues
An American electricity supplier has complained about delayed payments from Kenya Power. Ormat Technologies, which operates five geothermal plants in Nakuru through subsidiaries - OrPower and Menengai - cited inconsistencies in bill settlement for power sales since last year. However, Kenya Power yesterday denied that it had trouble paying up, saying that the settlement of the amount due for power generators is usually the first charge even before its staff's salaries are paid. “We have never had any problems with any of the generators, not even the biggest one, KenGen, in terms of paying for electricity supplied,” Communication Manager Johnstone ole Turana said. He added that it was “highly unlikely” that any power generator had any claims on past dues. The American firm said that although it was convinced that Kenya Power was unlikely to default altogether, failure to pay on time signalled trouble for any business. “We have historically been able to collect on substantially all our receivable balances. Recently, we have been receiving late payments from KPLC in Kenya related to our Olkaria Complex,” said the firm in a caution to shareholders. It did not indicate how much it was owed. Your opinion is valuable. Take this quick survey to help us improve the website and content Last year, OrPower sold electricity worth nearly Sh12 billion to Kenya Power for 1,172 units generated from geothermal wells in Naivasha. “As we believe we will be able to collect all past due amounts, no provision for doubtful accounts has been recorded,” Ormat Technologies, which is also fighting a Sh1.7 billion tax claim against the Kenya Revenue Authority, added. The latest development should worry consumers and investors in the power utility firm, coming only weeks after a string of missteps, including a delay in announcing its operating results for the year that ended on June 30. Among the reasons given was the disruption at the management level due to the suspension of several of the firm's top executives. The firm has sought more time to prepare the financial books but also cautioned shareholders that profits would plunge by at least Sh1.8 billion. In 2016, the firm reported Sh7.5 billion profit. Several of its managers are facing criminal charges in connection with fraud in the procurement and acquisition of faulty equipment. ORMAT is saying the truth, there has been substantive delay. i think the problem was affecting most generators. but what i know is that they rank first, before even KenGen in priority list of payment. It is not the first time they are making this noise, normally they get audience with WB ...They have 139 MW plants in Olkaria area, plus a proposed 35MW in Menengai , NAKURU...
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo the Kenya power future predictor; https://www.standardmedi...kenya-power-to-pay-dues
An American electricity supplier has complained about delayed payments from Kenya Power. Ormat Technologies, which operates five geothermal plants in Nakuru through subsidiaries - OrPower and Menengai - cited inconsistencies in bill settlement for power sales since last year. However, Kenya Power yesterday denied that it had trouble paying up, saying that the settlement of the amount due for power generators is usually the first charge even before its staff's salaries are paid. “We have never had any problems with any of the generators, not even the biggest one, KenGen, in terms of paying for electricity supplied,” Communication Manager Johnstone ole Turana said. He added that it was “highly unlikely” that any power generator had any claims on past dues. The American firm said that although it was convinced that Kenya Power was unlikely to default altogether, failure to pay on time signalled trouble for any business. “We have historically been able to collect on substantially all our receivable balances. Recently, we have been receiving late payments from KPLC in Kenya related to our Olkaria Complex,” said the firm in a caution to shareholders. It did not indicate how much it was owed. Your opinion is valuable. Take this quick survey to help us improve the website and content Last year, OrPower sold electricity worth nearly Sh12 billion to Kenya Power for 1,172 units generated from geothermal wells in Naivasha. “As we believe we will be able to collect all past due amounts, no provision for doubtful accounts has been recorded,” Ormat Technologies, which is also fighting a Sh1.7 billion tax claim against the Kenya Revenue Authority, added. The latest development should worry consumers and investors in the power utility firm, coming only weeks after a string of missteps, including a delay in announcing its operating results for the year that ended on June 30. Among the reasons given was the disruption at the management level due to the suspension of several of the firm's top executives. The firm has sought more time to prepare the financial books but also cautioned shareholders that profits would plunge by at least Sh1.8 billion. In 2016, the firm reported Sh7.5 billion profit. Several of its managers are facing criminal charges in connection with fraud in the procurement and acquisition of faulty equipment. ORMAT is saying the truth, there has been substantive delay. i think the problem was affecting most generators. but what i know is that they rank first, before even KenGen in priority list of payment. It is not the first time they are making this noise, normally they get audience with WB ...They have 139 MW plants in Olkaria area, plus a proposed 35MW in Menengai , NAKURU... What type of open lies are these yet the financial statements of KENGEN clearly showed delayed payments by KPLC. Crooked Kenyans. 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: Member Joined: 8/29/2008 Posts: 573
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Angelica _ann wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo the Kenya power future predictor; https://www.standardmedi...kenya-power-to-pay-dues
An American electricity supplier has complained about delayed payments from Kenya Power. Ormat Technologies, which operates five geothermal plants in Nakuru through subsidiaries - OrPower and Menengai - cited inconsistencies in bill settlement for power sales since last year. However, Kenya Power yesterday denied that it had trouble paying up, saying that the settlement of the amount due for power generators is usually the first charge even before its staff's salaries are paid. “We have never had any problems with any of the generators, not even the biggest one, KenGen, in terms of paying for electricity supplied,” Communication Manager Johnstone ole Turana said. He added that it was “highly unlikely” that any power generator had any claims on past dues. The American firm said that although it was convinced that Kenya Power was unlikely to default altogether, failure to pay on time signalled trouble for any business. “We have historically been able to collect on substantially all our receivable balances. Recently, we have been receiving late payments from KPLC in Kenya related to our Olkaria Complex,” said the firm in a caution to shareholders. It did not indicate how much it was owed. Your opinion is valuable. Take this quick survey to help us improve the website and content Last year, OrPower sold electricity worth nearly Sh12 billion to Kenya Power for 1,172 units generated from geothermal wells in Naivasha. “As we believe we will be able to collect all past due amounts, no provision for doubtful accounts has been recorded,” Ormat Technologies, which is also fighting a Sh1.7 billion tax claim against the Kenya Revenue Authority, added. The latest development should worry consumers and investors in the power utility firm, coming only weeks after a string of missteps, including a delay in announcing its operating results for the year that ended on June 30. Among the reasons given was the disruption at the management level due to the suspension of several of the firm's top executives. The firm has sought more time to prepare the financial books but also cautioned shareholders that profits would plunge by at least Sh1.8 billion. In 2016, the firm reported Sh7.5 billion profit. Several of its managers are facing criminal charges in connection with fraud in the procurement and acquisition of faulty equipment. ORMAT is saying the truth, there has been substantive delay. i think the problem was affecting most generators. but what i know is that they rank first, before even KenGen in priority list of payment. It is not the first time they are making this noise, normally they get audience with WB ...They have 139 MW plants in Olkaria area, plus a proposed 35MW in Menengai , NAKURU... What type of open lies are these yet the financial statements of KENGEN clearly showed delayed payments by KPLC. Crooked Kenyans. Which kenyan company (private or public)or government agency pays on time?Its in kenyan DNA to delay payments so that when the directors look at the bank statements,they smile.
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ebenyo wrote:KaunganaDoDo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDoDo and @kawi254, do you see this counter testing 3bob? It will, for sure as the sun will shine tomorrow, it will. The full year will be tooo baaaaaad. Sub four is a must Results will be released saa ngapi Before 15th I should think so Dividend.....0.50 per share.... Hahahahaha...Dividend hadi 2023...The company is both profit and cash constrained. Plus they will need to pay 6B in December for the Stan Chart 50B syndicated loan they took in 2016. Maturity has come. These sort of loans are often renewed and their Baba Bailout is always there to help out. All said and done, it remains tough for KPLC. The new management should go for a Big Bath accounting move to clean up the books and give themselves a cushion to make themselves look good in the future. Baba Bailout is also looking for a bailout for himself SGR loan messed him Baba Bailout will get the money he seeks but the Watoto (& their kids) shall pay the price in the future. "The harvest is finished, and the summer is gone," the people cry, "yet we are not saved!" This should be the week, hopefully to be saved. Time is over. The salvation i want is kshs 0.50 dividend. How do you pay a dividend on Negative cash-balance of over 9B...When PBT is swinging between 0 and 2.5 B, Depending on whether it is daytime or night darkness
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDoDo and @kawi254, do you see this counter testing 3bob? It will, for sure as the sun will shine tomorrow, it will. The full year will be tooo baaaaaad. Sub four is a must Results will be released saa ngapi Before 15th I should think so Dividend.....0.50 per share.... Hahahahaha...Dividend hadi 2023...The company is both profit and cash constrained. Plus they will need to pay 6B in December for the Stan Chart 50B syndicated loan they took in 2016. Maturity has come. These sort of loans are often renewed and their Baba Bailout is always there to help out. All said and done, it remains tough for KPLC. The new management should go for a Big Bath accounting move to clean up the books and give themselves a cushion to make themselves look good in the future. Baba Bailout is also looking for a bailout for himself SGR loan messed him Baba Bailout will get the money he seeks but the Watoto (& their kids) shall pay the price in the future. "The harvest is finished, and the summer is gone," the people cry, "yet we are not saved!" This should be the week, hopefully to be saved. Time is over. The salvation i want is kshs 0.50 dividend. How do you pay a dividend on Negative cash-balance of over 9B...When PBT is swinging between 0 and 2.5 B, Depending on whether it is daytime or night darkness  And they provide lighting!!! 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: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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A reliable source tells me that since Tarrus and other maombi/sadaka affiliated managers were suspended, there has been a systematic sabotage of Kenya power services to make the new MD. Mr. Othieno look incompetent. Specifically, lately there have been numerous blackouts in small county towns of Kenya.This is quite abnormal given that Kenyans have been enjoying relatively stable supply in the past few years Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Angelica _ann wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:KaunganaDoDo wrote:Ebenyo wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:Superprime1 wrote:@KaunganaDoDo and @kawi254, do you see this counter testing 3bob? It will, for sure as the sun will shine tomorrow, it will. The full year will be tooo baaaaaad. Sub four is a must Results will be released saa ngapi Before 15th I should think so Dividend.....0.50 per share.... Hahahahaha...Dividend hadi 2023...The company is both profit and cash constrained. Plus they will need to pay 6B in December for the Stan Chart 50B syndicated loan they took in 2016. Maturity has come. These sort of loans are often renewed and their Baba Bailout is always there to help out. All said and done, it remains tough for KPLC. The new management should go for a Big Bath accounting move to clean up the books and give themselves a cushion to make themselves look good in the future. Baba Bailout is also looking for a bailout for himself SGR loan messed him Baba Bailout will get the money he seeks but the Watoto (& their kids) shall pay the price in the future. "The harvest is finished, and the summer is gone," the people cry, "yet we are not saved!" This should be the week, hopefully to be saved. Time is over. The salvation i want is kshs 0.50 dividend. How do you pay a dividend on Negative cash-balance of over 9B...When PBT is swinging between 0 and 2.5 B, Depending on whether it is daytime or night darkness  And they provide lighting!!! its very sad that this is the epitome of mismanagement style of uhuruto.What happens after 2022 when hustler takes full charge,is a good guess for all of us.It will be better to flee from GOK controlled firms. Towards the goal of financial freedom
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