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Kenya Power - what's the latest?
Angelica _ann
#481 Posted : Thursday, March 15, 2018 5:25:05 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics.
What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1


Filling the negative sh.7.7bn cash flow hole will be a tall order.
Add to that the amount they owe Kengen.


Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda.


Priorities change especially for GoK, ..... smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#482 Posted : Friday, March 16, 2018 10:00:42 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
https://www.businessdail...42968-gy5tqe/index.html

Measures being taken to improve on the cashflow
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#483 Posted : Saturday, March 17, 2018 2:10:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
Angelica _ann wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
@Fyatu
The problem with kenya power is poor management and a reputation for poor fundamental economics.
What I fear is going to happen to KenRe... but back to KPLC. It has been bled dry by the group aligned with Godfather #1


Filling the negative sh.7.7bn cash flow hole will be a tall order.
Add to that the amount they owe Kengen.


Someone said Gok is waiting for eurobond 2 cash and will give some to kplc.They didnt pay for street lighting program which was a campaign propaganda.


Priorities change especially for GoK, ..... smile smile smile

Street lighting program GOK can offset with the amount of money kplc owes GOK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mkate_nusu
#484 Posted : Friday, March 30, 2018 2:36:03 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Poor management, politics. Killing this company.
#considering exiting n starting a rival power distributor
KEGN, KPLC, KQ, SCOM
VituVingiSana
#485 Posted : Saturday, July 14, 2018 6:08:40 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Stiffler
#486 Posted : Sunday, July 15, 2018 9:25:26 AM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!
obiero
#487 Posted : Sunday, July 15, 2018 9:35:19 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
xxxxx
#488 Posted : Sunday, July 15, 2018 12:20:09 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
obiero wrote:
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail


I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1.
VituVingiSana
#489 Posted : Sunday, July 15, 2018 12:26:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
xxxxx wrote:
obiero wrote:
Stiffler wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


Really...!?
Thats too broad. How many employees does kplc have. How many suppliers or contractors..?!

I think I need anticipatory bail

I hope u can see the investment opportunity.. Sasa KPLC's PE was like 2 or 3 before this saga....Very soon it will be between 0 and 1.
Though it may need to write down assets e.g. crappy transformers, over-priced poles, pay for lawsuits, reduce customer billing, etc that will hurt the EPS and NAV.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#490 Posted : Monday, July 16, 2018 3:44:45 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


This is a very good clean up exercise.A stern warning to future thieves.
Towards the goal of financial freedom
mlennyma
#491 Posted : Monday, July 16, 2018 3:57:51 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
Ebenyo wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


This is a very good clean up exercise.A stern warning to future thieves.

My 2022 cow
"Don't let the fear of losing be greater than the excitement of winning."
KulaRaha
#492 Posted : Monday, July 16, 2018 4:18:58 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Whose cartels run the energy sector?
Business opportunities are like buses,there's always another one coming
wukan
#493 Posted : Monday, July 16, 2018 4:24:41 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,567
Ebenyo wrote:
VituVingiSana wrote:
ODPP has asked DCI to arrest KPLC management, employees, contractors and suppliers.


This is a very good clean up exercise.A stern warning to future thieves.


Have you seen the statement from the Board? Absolute no introspection even when the top brass has arrested for corruption and abuse of office. They didn't even promise that they will cooperate with ODPP to clean up house and improve the corporate governance. They said operations will continue uninterrupted. The board has trivialized the whole thing, they can't see any wrongdoing. That is not a clean up exercise it's a cartel game of musical chairs. Steal until the music stops.

KPLC has a serious corporate culture of corruption and 'don't care' attitude. The future thieves will be promoted and plan better on how to steal.
ngapat
#494 Posted : Monday, July 16, 2018 7:18:15 PM
Rank: Member


Joined: 12/11/2006
Posts: 873
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.
“Invest in yourself. Your career is the engine of your wealth.”
VituVingiSana
#495 Posted : Monday, July 16, 2018 7:32:53 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,039
Location: Nairobi
Another well-run GoK firm. Laughing out loudly Laughing out loudly Laughing out loudly

I am not in KPLC but like KQ it will get subsidies that will hurt other investments by way of higher taxes.

Some firms e.g. ARM, TPSEA, FTGH, etc that have (expensive) electricity as a major input will continue feeling the pain.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#496 Posted : Monday, July 16, 2018 8:33:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
ngapat wrote:
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.

Congratulations to Eng Jared Otieno

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
mlennyma
#497 Posted : Tuesday, July 17, 2018 9:39:13 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,173
Location: nairobi
obiero wrote:
ngapat wrote:
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.

Congratulations to Eng Jared Otieno

Kwanini mtu wetu ametoka. ...iam waiting for such bullshit.
"Don't let the fear of losing be greater than the excitement of winning."
sparkly
#498 Posted : Tuesday, July 17, 2018 9:48:24 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mlennyma wrote:
obiero wrote:
ngapat wrote:
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.

Congratulations to Eng Jared Otieno

Kwanini mtu wetu ametoka. ...iam waiting for such bullshit.


Handshake
Life is short. Live passionately.
kawi254
#499 Posted : Tuesday, July 17, 2018 10:13:49 AM
Rank: Member


Joined: 2/20/2015
Posts: 464
Location: Nairobi
sparkly wrote:
mlennyma wrote:
obiero wrote:
ngapat wrote:
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.

Congratulations to Eng Jared Otieno

Kwanini mtu wetu ametoka. ...iam waiting for such bullshit.


Handshake


Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months.
rwitre
#500 Posted : Tuesday, July 17, 2018 10:29:41 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
kawi254 wrote:
sparkly wrote:
mlennyma wrote:
obiero wrote:
ngapat wrote:
Kenya Power Board appoints Eng. Jared Otieno as the Acting MD following the suspension of Ken Tarus. Otieno has worked at KPLC for more than 30 years and was the immediate former Manager in charge of Streetlighting Project.

Congratulations to Eng Jared Otieno

Kwanini mtu wetu ametoka. ...iam waiting for such bullshit.


Handshake


Kenya Power Board will advertise the CEO position in 'The Economist' only to confirm Eng Jared Otieno in 3 months.


Blackout in court for ex-KPLC bosses court date...The irony Laughing out loudly Laughing out loudly Laughing out loudly
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