Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Wednesday, Apr 14, 2021
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
NMG FY 2018 and Beyond [179]
Barclays - 2018 and beyond [134]
Bitcoin: Does it have a future ? [1379]
DogeCoin: Does it have a future? [14]
Equity Bank 2020 [105]
Why dustbowl is the future [755]
International Brokers - Available in Kenya for Ken... [11]
Bamburi Cement 2019 [84]
Mumias Sugar huge demand [2871]
Uchumi - A value play? [557]
KCB buy buy buy [1356]
FIRE - Financial Independence, Retire Early [23]
Kenya Airways...why ignore.. [15181]
Kenya Power HY 2019 [422]
Treasury Bills and Bonds [1464]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

22 Pages«<1819202122>
Kenya Power HY 2019
Ericsson
#381 Posted : Friday, February 26, 2021 7:03:32 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Fyatu wrote:
Ericsson wrote:



Loss before tax of kes.7 billion


Luwere Nyasaye amulinde....


https://mobile.twitter.c...5140407366123524/photo/2
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#382 Posted : Friday, February 26, 2021 9:50:33 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,081
Location: nairobi
Ericsson wrote:
Fyatu wrote:
[quote=Ericsson]


Loss before tax of kes.7 billion


Luwere Nyasaye amulinde....


https://mobile.twitter.c...140407366123524/photo/2[/quote]
Fossil
"Don't let the fear of losing be greater than the excitement of winning."
Ebenyo
#383 Posted : Sunday, February 28, 2021 2:11:48 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,932
Location: Kitale
Ericsson wrote:
Kenya Power HY2020/2021
https://pbs.twimg.com/me...rmat=jpg&name=small

Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh.
Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation.
Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss.
The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion.
Profit before tax of ksh.332million and profit after tax of ksh.138mn



We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide.
Towards the goal of financial freedom
Ericsson
#384 Posted : Sunday, February 28, 2021 4:00:10 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
Kenya Power HY2020/2021
https://pbs.twimg.com/me...rmat=jpg&name=small

Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh.
Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation.
Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss.
The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion.
Profit before tax of ksh.332million and profit after tax of ksh.138mn



We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide.


The huge loss was in the FY2019/2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#385 Posted : Sunday, February 28, 2021 5:29:59 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,932
Location: Kitale
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
Kenya Power HY2020/2021
https://pbs.twimg.com/me...rmat=jpg&name=small

Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh.
Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation.
Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss.
The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion.
Profit before tax of ksh.332million and profit after tax of ksh.138mn



We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide.


The huge loss was in the FY2019/2020



That's why they didn't want to release the results
Towards the goal of financial freedom
Kibe21
#386 Posted : Monday, March 01, 2021 10:16:20 PM
Rank: New-farer


Joined: 8/1/2018
Posts: 55
Location: Nairobi
Ebenyo wrote:
Ericsson wrote:
Kenya Power HY2020/2021
https://pbs.twimg.com/me...rmat=jpg&name=small

Electricity sales grew by 0.7% from 4167GWh in a similar period in 2019 to 4196GWh.
Fuel costs decreased from kshs.7.153bn to ksh.4.618bn attributed to less thermal generation.
Finance costs increased to ksh.8.057bn from ksh.3.835bn due to depreciation of the kenya shilling against major trading currencies leading to an unrealised foreign exchange loss.
The company has risen into a POSITIVE cash flow position of Kshs. 1.7 billion from NEGATIVE Kshs. 6 billion.
Profit before tax of ksh.332million and profit after tax of ksh.138mn



We had expected a huge loss.looks like Gok gave a silent bailout amount to stop the slide.


New management seems to be steadying the ship. Hopefully reduced losses for FY 21 or even a small profit.
VituVingiSana
#387 Posted : Monday, March 08, 2021 3:27:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,437
Location: Nairobi
City Hall in Sh1.07bn debt swap talks with NSSF, Kenya Power
https://www.businessdail...ssf-kenya-power-3314892
CCN wants KPLC to pay horrendous way leave charges. And refuses to pay KPLC for electricity it has consumed. Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#388 Posted : Tuesday, March 09, 2021 9:17:06 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,437
Location: Nairobi
Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...uted-boy-sh15-7m-3316154
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Elephant Man
#389 Posted : Tuesday, March 09, 2021 10:54:28 AM
Rank: Member


Joined: 12/24/2008
Posts: 97
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!
Ericsson
#390 Posted : Tuesday, March 09, 2021 11:07:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Elephant Man wrote:
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!


Insurance company is not involved in this.
The injury was due to negligence by Kenya power and they will pay using their own resources.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Elephant Man
#391 Posted : Tuesday, March 09, 2021 12:47:20 PM
Rank: Member


Joined: 12/24/2008
Posts: 97
Ericsson wrote:
Elephant Man wrote:
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!


Insurance company is not involved in this.
The injury was due to negligence by Kenya power and they will pay using their own resources.



Didn't know that - what does negligence constitute?

My own experience is that KPLC's insurers paid me for damage to my appliances as a result of a power surge caused by a neighbour cutting down a tree that fell on their power lines. Who was negligent here?
Ericsson
#392 Posted : Tuesday, March 09, 2021 2:40:02 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
Elephant Man wrote:
Ericsson wrote:
Elephant Man wrote:
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!


Insurance company is not involved in this.
The injury was due to negligence by Kenya power and they will pay using their own resources.



Didn't know that - what does negligence constitute?

My own experience is that KPLC's insurers paid me for damage to my appliances as a result of a power surge caused by a neighbour cutting down a tree that fell on their power lines. Who was negligent here?


KPLC
Live/Naked wire on the ground.

For your case one can come with an argument the tree fell due to an act of nature.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#393 Posted : Wednesday, March 10, 2021 12:04:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,437
Location: Nairobi
Ericsson wrote:
Elephant Man wrote:
Ericsson wrote:
Elephant Man wrote:
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!


Insurance company is not involved in this.
The injury was due to negligence by Kenya power and they will pay using their own resources.



Didn't know that - what does negligence constitute?

My own experience is that KPLC's insurers paid me for damage to my appliances as a result of a power surge caused by a neighbour cutting down a tree that fell on their power lines. Who was negligent here?


KPLC
Live/Naked wire on the ground.

For your case one can come with an argument the tree fell due to an act of nature.
"...caused by a neighbour cutting down a tree that fell on their power lines." Act of nature, aje?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#394 Posted : Wednesday, March 10, 2021 1:37:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Elephant Man wrote:
Ericsson wrote:
Elephant Man wrote:
[quote=VituVingiSana]Kenya Power ordered to pay electrocuted boy Sh15.7m
https://www.businessdail...ted-boy-sh15-7m-3316154[/quote]

Who are KPLC's insurers? Kenya-Re will have to pay part of this bill!


Insurance company is not involved in this.
The injury was due to negligence by Kenya power and they will pay using their own resources.



Didn't know that - what does negligence constitute?

My own experience is that KPLC's insurers paid me for damage to my appliances as a result of a power surge caused by a neighbour cutting down a tree that fell on their power lines. Who was negligent here?


KPLC
Live/Naked wire on the ground.

For your case one can come with an argument the tree fell due to an act of nature.
"...caused by a neighbour cutting down a tree that fell on their power lines." Act of nature, aje?


Was referring to how the story can be framed for insurance company to pay
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
KaunganaDoDo
#395 Posted : Monday, March 15, 2021 7:53:56 AM
Rank: Member


Joined: 8/6/2018
Posts: 289
https://www.standardmedi...ower-deals-to-cut-costs

KPLC and the Government( National Treasury, AG and MOE) have started the process of renegotiation of PPAs with aim of saving Billions of shillings per year
Ericsson
#396 Posted : Monday, March 15, 2021 11:13:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
KaunganaDoDo wrote:
https://www.standardmedia.co.ke/business-news/article/2001406253/state-pushes-for-review-of-power-deals-to-cut-costs

KPLC and the Government( National Treasury, AG and MOE) have started the process of renegotiation of PPAs with aim of saving Billions of shillings per year


Dividend resumption earliest is 2026
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
HaMaina
#397 Posted : Wednesday, March 17, 2021 8:14:05 PM
Rank: Member


Joined: 4/23/2014
Posts: 807
Broke Kenya Power needs bailout to stay afloat, audit reveals

“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Ericsson
#398 Posted : Wednesday, March 17, 2021 8:23:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI


Expatriates coming with bailout cash and take over management under a world bank program coming soon
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#399 Posted : Tuesday, March 30, 2021 11:05:29 PM
Rank: Member


Joined: 2/20/2015
Posts: 407
Location: Nairobi
KaunganaDoDo wrote:
https://www.standardmedia.co.ke/business-news/article/2001406253/state-pushes-for-review-of-power-deals-to-cut-costs

KPLC and the Government( National Treasury, AG and MOE) have started the process of renegotiation of PPAs with aim of saving Billions of shillings per year


Can Kenya Power even with help of Kenya-1 wiggle itself out of PPAs? Kenya-1 at the beginning of his term paid Anglo leasing for delivering air to avoid negative credit rating before hitting the Eurobond market. Magufuli bulldozed his way in Tanzania to re-negotiate power PPAs..Kenya-1 is a "internation law respecter" i don't see him doing this.

1. In 2016 Energy ministry had a PPA review task force that "advised the government to let the contracts lapse on their own" to avoid paying heavy termination penalties. IMHO the GoK should let some of this PPAs ran out e.g Tsavo (Kipevu 2) 74 MW expires September 2021. Kipevu 1 60 MW expires 2023. 54 MW of Embakasi Gas turbine expire in 2021. Iberafrica 56 MW expired in 2019 The Kibaki/Kiraitu era negotiated thermal PPAs will be a real pain as they ran until 2035.



2. In 2021 Energy minister appoints another PPA review task force that is cancelled within hours (presumably the 'right' names were missing in the task force) only for President to appoint another PPA task force with same brief as in 2016 to give report in 6 months.

Why set up another task force in 2021 while there was another same same task force in 2016?

3. In 2012 World bank warns Kenya Power not to sign an onerous PPA with LTWP. “We believe that the take-or-pay provisions in the PPA between LTWP and KPLC would expose Kenya Power to unacceptably large financial risk given the possible curtailment,” That has come to pass - The swahili will say sikio la kufa haliskii dawa. If the LTWP generates 300MW at 2a.m when country is asleep and nobody needs that power you will pay for it...and wind power makes the grid unstable i.e depending on blowing wind you can move from 300MW to 100MW

4. Ormat (olkaria III - 150Mw) is under investigation in USA for possible corruption on it's PPA deals as it is paid at a much higher price/Kwh than KenGen's geothermal...could it be KenGen doesn't know how to negotiate for a good deal? Could also this investigation in USA be triggering the renewed PPA renegotiation energy?
Ericsson
#400 Posted : Wednesday, March 31, 2021 1:16:40 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,523
Location: NAIROBI
kawi254 wrote:
KaunganaDoDo wrote:
https://www.standardmedia.co.ke/business-news/article/2001406253/state-pushes-for-review-of-power-deals-to-cut-costs

KPLC and the Government( National Treasury, AG and MOE) have started the process of renegotiation of PPAs with aim of saving Billions of shillings per year


Can Kenya Power even with help of Kenya-1 wiggle itself out of PPAs? Kenya-1 at the beginning of his term paid Anglo leasing for delivering air to avoid negative credit rating before hitting the Eurobond market. Magufuli bulldozed his way in Tanzania to re-negotiate power PPAs..Kenya-1 is a "internation law respecter" i don't see him doing this.

1. In 2016 Energy ministry had a PPA review task force that "advised the government to let the contracts lapse on their own" to avoid paying heavy termination penalties. IMHO the GoK should let some of this PPAs ran out e.g Tsavo (Kipevu 2) 74 MW expires September 2021. Kipevu 1 60 MW expires 2023. 54 MW of Embakasi Gas turbine expire in 2021. Iberafrica 56 MW expired in 2019 The Kibaki/Kiraitu era negotiated thermal PPAs will be a real pain as they ran until 2035.



2. In 2021 Energy minister appoints another PPA review task force that is cancelled within hours (presumably the 'right' names were missing in the task force) only for President to appoint another PPA task force with same brief as in 2016 to give report in 6 months.

Why set up another task force in 2021 while there was another same same task force in 2016?

3. In 2012 World bank warns Kenya Power not to sign an onerous PPA with LTWP. “We believe that the take-or-pay provisions in the PPA between LTWP and KPLC would expose Kenya Power to unacceptably large financial risk given the possible curtailment,” That has come to pass - The swahili will say sikio la kufa haliskii dawa. If the LTWP generates 300MW at 2a.m when country is asleep and nobody needs that power you will pay for it...and wind power makes the grid unstable i.e depending on blowing wind you can move from 300MW to 100MW

4. Ormat (olkaria III - 150Mw) is under investigation in USA for possible corruption on it's PPA deals as it is paid at a much higher price/Kwh than KenGen's geothermal...could it be KenGen doesn't know how to negotiate for a good deal? Could also this investigation in USA be triggering the renewed PPA renegotiation energy?



The task force that has been setup is for status quo.The persons owning the IPPs are untouchable
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Users browsing this topic
Guest
22 Pages«<1819202122>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2021 Wazua.co.ke. All Rights Reserved.