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7 Pages«<567
KenGen HY 2019
FUNKY
#121 Posted : Tuesday, July 16, 2019 8:56:11 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,486
Update on Olkaria V Power Project: Commissioning tests have resumed at Olkaria V Power Plant after the process was suspended briefly following an unfortunate incident that occurred at the construction site. https://t.co/SBSVVEdNgn
Ericsson
#122 Posted : Thursday, July 18, 2019 10:41:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
NSSF holds a 4% stake in the firm
Ericsson
#123 Posted : Friday, July 19, 2019 2:18:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
The bus is slowly departing
Blukes
#124 Posted : Friday, July 19, 2019 2:37:09 PM
Rank: Hello


Joined: 3/9/2019
Posts: 6
Location: Nakuru
Today's launch manenos,fasten youh seatbelts ladies n gentlemen.
Metch
#125 Posted : Friday, July 19, 2019 4:40:20 PM
Rank: Member


Joined: 12/22/2015
Posts: 164
Location: Mombasa, Kenya
Ericsson wrote:
The bus is slowly departing

Applause Applause Applause can't wait
Start!
sparkly
#126 Posted : Saturday, July 20, 2019 8:50:26 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,130
Location: Enk are Nyirobi
Ericsson wrote:
The bus is slowly departing


Heading from CBD to KNH, route no. 7. Your driver @Ericson, conductor @Metch.
Life is short. Live passionately.
FUNKY
#127 Posted : Monday, July 22, 2019 10:33:56 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,486
The mbus is in a good mood today so far
Extraterrestrial
#128 Posted : Tuesday, July 23, 2019 2:46:20 PM
Rank: New-farer


Joined: 11/17/2018
Posts: 20
Location: Mars
Share is tanking. Always be weary of "rallies" on low volume.
Metch
#129 Posted : Tuesday, July 23, 2019 5:16:26 PM
Rank: Member


Joined: 12/22/2015
Posts: 164
Location: Mombasa, Kenya
Extraterrestrial wrote:
Share is tanking. Always be weary of "rallies" on low volume.

Normal movement. But if it does indeed 'tank' I will load up like a matatu.

Start!
Ericsson
#130 Posted : Sunday, July 28, 2019 6:27:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
Kengen is pleased to announce successful synchronization of Olkaria V unit 1 to the national grid on Friday 26th July.
The unit achieved the design full load of 86.6 MW at 120 hrs on Saturday 27th which is above the rated capacity of 82.7 MW.
FUNKY
#131 Posted : Sunday, July 28, 2019 7:49:22 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,486
Ericsson wrote:
Kengen is pleased to announce successful synchronization of Olkaria V unit 1 to the national grid on Friday 26th July.
The unit achieved the design full load of 86.6 MW at 120 hrs on Saturday 27th which is above the rated capacity of 82.7 MW.


Very good news
Ericsson
#132 Posted : Tuesday, July 30, 2019 9:19:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
FUNKY wrote:
Ericsson wrote:
Kengen is pleased to announce successful synchronization of Olkaria V unit 1 to the national grid on Friday 26th July.
The unit achieved the design full load of 86.6 MW at 120 hrs on Saturday 27th which is above the rated capacity of 82.7 MW.


Very good news

Kengen says its added 79Mw of geothermal energy into the grid.
The remaining power to make it 158MW will be added by end of August
shiznit
#133 Posted : Thursday, August 08, 2019 12:46:07 PM
Rank: New-farer


Joined: 5/21/2013
Posts: 65
Location: KENYA

Quote:

The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.


Link
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Ericsson
#134 Posted : Thursday, August 08, 2019 6:49:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
With a slowing economy,companies laying off workers,others reducing operations earnings growth will be tough.
VituVingiSana
#135 Posted : Friday, August 09, 2019 9:34:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
shiznit wrote:

Quote:

The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.


Link
Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights?
Or will KenGen become 90% owned by PIC and GoK?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#136 Posted : Friday, August 09, 2019 10:20:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,061
Location: NAIROBI
VituVingiSana wrote:
shiznit wrote:

Quote:

The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.


Link
Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights?
Or will KenGen become 90% owned by PIC and GoK?


This is old news,there is no upcoming rights issue as far as I have heard.
FUNKY
#137 Posted : Friday, August 09, 2019 10:55:32 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,486
Ericsson wrote:
VituVingiSana wrote:
shiznit wrote:

Quote:

The Government was also expected to further scale down its shareholding in KenGen, where it has more than 70 per cent stake, but the commission noted that following due diligence work and options analysis, a rights issue was chosen as the best option to mobilise required resources.
It said the rights issue had been completed and now it is awaiting the approval of its recommendation to remove the power producer from the privatisation programme.
The Nairobi Securities Exchange-listed power producer in 2016 sold about four billion new shares to existing shareholders in a bid to raise Sh28.8 billion in a rights issue, which was 92 per cent subscribed. It raised Sh26 billion.
The same case applies for the power stations, some of which were expected to be hived off from KenGen, with the commission recommending their removal from the programme.


Link
Another Rights Issue for KenGen? The last one had flunked but for PIC coming in after it had closed. Will retail shareholders take up their Rights?
Or will KenGen become 90% owned by PIC and GoK?


This is old news,there is no upcoming rights issue as far as I have heard.


True no upcoming rights issue and also they are very much cash rich at the moment
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