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KENGEN 2021-2025
Ericsson
#1 Posted : Wednesday, August 25, 2021 4:52:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
https://www.reuters.com/...-electrcty-idUSL8N2PW21F
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2 Posted : Tuesday, September 14, 2021 11:25:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
https://www.the-star.co....nnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#3 Posted : Tuesday, September 14, 2021 5:25:41 PM
Rank: Member


Joined: 2/20/2015
Posts: 434
Location: Nairobi
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-09-14-kengen-gets-nod-to-sell-46m-tonnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.



KenGen earned Sh57 million from the sale of carbon credits in the year to June 2017. (link)

Above figure is measly and i am sure less than salaries of people KenGen employs to go all over the world staying in expensive hotels only to sell KES 57M worth? And so much press releases over nothing. I never see other power producers (IPPs) all over the press every day like KenGen does. e.g Ormat &LTWP makes more money than KenGen per kwh sold to KPLC quietly.

KenGen has thermal plants in Kipevu and Muhoroni why can't they offset their carbon with their geothermal?
Ericsson
#4 Posted : Tuesday, September 14, 2021 11:13:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-09-14-kengen-gets-nod-to-sell-46m-tonnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.



KenGen earned Sh57 million from the sale of carbon credits in the year to June 2017. (link)

Above figure is measly and i am sure less than salaries of people KenGen employs to go all over the world staying in expensive hotels only to sell KES 57M worth? And so much press releases over nothing. I never see other power producers (IPPs) all over the press every day like KenGen does. e.g Ormat &LTWP makes more money than KenGen per kwh sold to KPLC quietly.

KenGen has thermal plants in Kipevu and Muhoroni why can't they offset their carbon with their geothermal?


All those press releases are not corresponding to the share price performance.
Muhoroni contract is coming to an end this year and with the commissioning and operation of the KETRACO 220KV Lessos-Kisumu line highly unlikely it will be renewed.
Kipevu I contract is coming to an end in 2023
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#5 Posted : Friday, October 01, 2021 5:45:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#6 Posted : Saturday, October 16, 2021 8:37:46 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#7 Posted : Thursday, October 21, 2021 6:57:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
https://www.standardmedi...l-works-on-course-kengen
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#8 Posted : Saturday, October 23, 2021 9:59:07 AM
Rank: Member


Joined: 2/20/2015
Posts: 434
Location: Nairobi
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.


No predictability to earnings release like Safaricom, Standard Chartered
Ericsson
#9 Posted : Saturday, October 23, 2021 10:09:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.


No predictability to earnings release like Safaricom, Standard Chartered


And the way the CEO portrays the company as a world class.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#10 Posted : Monday, October 25, 2021 12:28:44 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,992
Location: Kitale
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.



Why did this never happened?
Towards the goal of financial freedom
VituVingiSana
#11 Posted : Monday, October 25, 2021 1:15:53 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,637
Location: Nairobi
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.
Liar Liar Liar
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Receptor
#12 Posted : Friday, October 29, 2021 10:50:53 AM
Rank: New-farer


Joined: 7/1/2019
Posts: 79
VituVingiSana wrote:
Ericsson wrote:
Ericsson wrote:
Dividend ksh.0.35 when they will be releasing FY2020/21 results later this month

Thursday 21 October or Friday 22 October.
Liar Liar Liar



guesswork.....disgraced wazua elders
Extraterrestrial
#13 Posted : Friday, October 29, 2021 5:39:37 PM
Rank: Member


Joined: 11/17/2018
Posts: 163
Location: Mars
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"
My 2 cents
#14 Posted : Friday, October 29, 2021 8:36:18 PM
Rank: Member


Joined: 6/2/2010
Posts: 693
Extraterrestrial wrote:
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"


November is unlikely. Too optimistic.
Ericsson
#15 Posted : Friday, October 29, 2021 11:26:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
Extraterrestrial wrote:
They'll probably release the annual ritual document: Delayed publication of results and ask for more time, probably up to 15th November.

However, this is Jubilee and even December is possible with the "due to the President's directive on review of several aspects of the energy sector"


The MD is busy talking about cop26,net zero climate change,Olkaria geothermal spa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#16 Posted : Saturday, October 30, 2021 10:32:44 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,071
Location: NAIROBI
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#17 Posted : Sunday, October 31, 2021 1:07:55 AM
Rank: Member


Joined: 2/20/2015
Posts: 434
Location: Nairobi
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!
McGill
#18 Posted : Sunday, October 31, 2021 5:02:56 PM
Rank: New-farer


Joined: 8/1/2019
Posts: 55
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.
kawi254
#19 Posted : Sunday, October 31, 2021 6:13:03 PM
Rank: Member


Joined: 2/20/2015
Posts: 434
Location: Nairobi
McGill wrote:
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.



@0.30/share the amount dividend paid to issued shares ~1.98bn but profit after tax is Ksh 1.118bn.

watu wa accounts/finance please explain the mazematics? Does it mean Kengen will borrow to pay dividends? Why deferred tax? - like were they not paying tax before? Is GoK making more money from KenGen in tax as opposed to being a shareholder?
My 2 cents
#20 Posted : Sunday, October 31, 2021 7:09:42 PM
Rank: Member


Joined: 6/2/2010
Posts: 693
kawi254 wrote:
McGill wrote:
kawi254 wrote:
Ericsson wrote:
Kengen FY2020/2021 Results
Revenue increased by 4.06% from ksh.44.11bn in 2020 to 45.901bn in 2021.
Ongoing geothermal drilling services in Tulu Moye in Ethiopia contributed ksh.1.784bn compared to 440mn in 2020
Profit before tax grew by 7% to ksh.14.76bn from 13.79bn in 2020.
Dividend payout ksh.0.3 per share.


Help me understand this finance stuff:

Profit before tax = ksh.14.76bn
Profit after tax = Ksh. 1.118bn

Reason given is that corporate tax changed from 25% to 30%. Isn't that like 90% tax rate? Must be the reason they are releasing the results on a weekend night!


Ata mimi sielewi hii hesabu. But I expect some massive selloff tomorrow.



@0.30/share the amount dividend paid to issued shares ~1.98bn but profit after tax is Ksh 1.118bn.

watu wa accounts/finance please explain the mazematics? Does it mean Kengen will borrow to pay dividends? Why deferred tax? - like were they not paying tax before? Is GoK making more money from KenGen in tax as opposed to being a shareholder?


Look at the status of cash rather than profit. As at June 2021, they had 13.8B in cash. They can pay the dividend, they have the cash. A company can be very profitable but lack cash and on the flip side can have made a loss but have cash.
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