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KenGen HY 2019
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:FUNKY wrote:VituVingiSana wrote:[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html
Kenya Electricity Generating Company (KenGen) has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year  It's being run in a much better fashion than KPLC. Wonder when price will start rising...its management team is very good also no crooks “We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany https://twitter.com/i/status/1140613505827123200[/quote] I got lost somewhere in the tweet Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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sparkly wrote:Ericsson wrote:FUNKY wrote:VituVingiSana wrote:[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html
Kenya Electricity Generating Company (KenGen) has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year It's being run in a much better fashion than KPLC. Wonder when price will start rising...its management team is very good also no crooks “We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany https://twitter.com/i/status/1140613505827123200[/quote] I got lost somewhere in the tweet When they brought on board 280mw they got a revenue boost of ksh.9bn Using the same trajectory/trend analysis and everything been the same if they bring on board olkaria V of 162mw and Olkaria 1 unit 6 of 90MW they see additional ksh.6-7bn revenue Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 292
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Ericsson wrote:sparkly wrote:Ericsson wrote:FUNKY wrote:VituVingiSana wrote:[quote=Extraterrestrial]https://www.businessdailyafrica.com/corporate/companies/KenGen-Sh5-2bn-geothermal-tender-in-Ethiopia/4003102-5156492-10sdh2pz/index.html
Kenya Electricity Generating Company (KenGen) has won a Sh5.2 billion tender to drill geothermal wells in EthiopiaThis will be the second such tender for KenGen in the horn country after it announced February that it has won part of a Sh7.6 billion contract to supply geothermal drilling services to the Ethiopian Electric Power (EEP).KenGen said it would be supplying about 30 percent of the component of phase II which translates to about $ 6.2 million (Sh620 million).It is now eying Rwanda and Djibouti for geothermal project, having hosted Djibouti President Ismail Omar Guelleh at the Olkaria geothermal fields in Naivasha last year It's being run in a much better fashion than KPLC. Wonder when price will start rising...its management team is very good also no crooks “We’re going to add from Olkaria 1 unit 6 and Olkaria 5 +250MW, and if we use the same ratio that came out of Olkaria 280MW, we can see ksh.6 to 7bn building-in. With trend analysis, and as everything remain,KenGen shares has potential.” John Mudany https://twitter.com/i/status/1140613505827123200[/quote] I got lost somewhere in the tweet When they brought on board 280mw they got a revenue boost of ksh.9bn Using the same trajectory/trend analysis and everything been the same if they bring on board olkaria V of 162mw and Olkaria 1 unit 6 of 90MW they see additional ksh.6-7bn revenue Contracted Capacity for Olkaria V is 153MW while for Olkaria 1 Unit 6 is 83MW. While Olkaria V expected COD is July 2019, Olkaria 1 Unit 6 should come somewhere in July 2021(Though they don't have a PPA yet with KPLC). Both are Capacity Plants
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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@KaunganaDoDo 1) No PPAs? Hiyo ni shida! 2) What are "Capacity Plants"? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/6/2018 Posts: 292
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VituVingiSana wrote:@KaunganaDoDo
1) No PPAs? Hiyo ni shida!
2) What are "Capacity Plants"? No PPA means they haven't agreed the Bulk tariffs , KPLC is not willing to give them higher tariff, there is ongoing negotiation , Though ground breaking was last year. Capacity plants are plants which have capacity payments, (Fixed Capacity Charge Rate ,FCCR and Fixed O&M Charge Rates FOMCR) plus a small component (Variable O&M Charge Rate VOMCR)... Capacity Payment Plants receive FCCR and FOMCR even if the plant is not running (Though the plant has to be in operable conditions when required)...VOMCR is dependant on energy you buy from the plant. Both FOMCR and VOMCR are escalated with inflation.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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FUNKY wrote:Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also Bonus issue alaaaah Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 2/20/2015 Posts: 465 Location: Nairobi
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Ericsson wrote:FUNKY wrote:Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also Bonus issue alaaaah During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option. I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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kawi254 wrote:Ericsson wrote:FUNKY wrote:Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also Bonus issue alaaaah During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option. I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy Not necessarily,they can distribute dividends from revenue from Hydro generation and the other geothermal plants. If you listened to the link I posted,the other time the additional capacity of 280MW gave them a huge significant jump in revenue. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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kawi254 wrote:Ericsson wrote:FUNKY wrote:Kengen has a very very big potential for price correction...it has to be trading at 14/- levels now.. The previous 2 years of dividend drought drived down the price to current Low price..more good news their PIBO final installment in October 2019 i think.. This time i have a feeling they might declare a generous dividend plus a bonus issue also Bonus issue alaaaah During 2018 AGM the Chief Finance Officer mentioned that they are exploring scrip dividend option. I believe in 2019/2020 Financial year there will be no dividend since Kengen will be hit with Compensating tax if they distribute capital allowances which they will qualify for after commissioning Olkaria 5 in 2019/2020 financial year...once bitten twice shy They have already been exempted from paying compensating tax in the finance bill 2018
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. Life is short. Live passionately.
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. Reminds me of Mumias... Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business Start!
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. It normally works if semi autonomous offshoots are formed. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Metch wrote:sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. Reminds me of Mumias... Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business Yeah Mumias with ethanol plant, power generation, water bottling and dairy project. Utter labbish! Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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MaichBlack wrote:sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. It normally works if semi autonomous offshoots are formed. General Electric is a good example...Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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Metch wrote:sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. Reminds me of Mumias... Important is to keep your eyes peeled. Parachute out at the slightest sign of monkey business Mumias was not killed by diversification. It was killed by the blatant rape, thuggery, corruption and plunder by some very well known professional thugs!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. Agreed. This research institute will be used to siphone money out of the balance sheet and will act as an employment bureau for incompetent rela-thieves who who will earn hefty pay and fat allowances/per diems. It looks like the CEO has started growing horns with thoughtless ambitions. Shareholders must resist this move. It has corruption written all over it. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MaichBlack wrote:MaichBlack wrote:sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. It normally works if semi autonomous offshoots are formed. General Electric is a good example... General Electric is not a third world government owned utility company. Life is short. Live passionately.
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Rank: Elder Joined: 7/22/2009 Posts: 7,451
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sparkly wrote:MaichBlack wrote:MaichBlack wrote:sparkly wrote:FUNKY wrote:https://www.kbc.co.ke/kengen-to-set-up-an-energy-research-and-development-laboratory-in-tana/amp/?__twitter_impression=true Some of these off-balance sheet investments like bottling drinking water, running industrial park, Transformer & Solar cell manufacturing are distracting and potentially money losing. Kengen should just concentrate on power generation and ancillary services like research and engineering. Those other investments are Enron style diversions. It normally works if semi autonomous offshoots are formed. General Electric is a good example... General Electric is not a third world government owned utility company. So what exactly is your issue? Diversification or the fact that Kengen is a third world government owned utility company??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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