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KenGen HY 2019

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Ericsson		#661 Posted : Wednesday, February 10, 2021 12:54:32 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		AndyC wrote: Ericsson wrote: AndyC wrote: Ericsson wrote: https://www.standardmedia.co.ke/amp/money-careers/article/2001402856/government-pockets-sh115billion-from-kengen#aoh=16129331257060&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s Treasury receives its ksh.1.15bn dividend cheque When do the minority get paid? Snail mail or EFT? EFT. That is the 30 cts right? That was sent in December 2020 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#662 Posted : Thursday, February 11, 2021 2:53:14 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Kengen clinches deal to drill geothermal wells in Le Koma Djibouti.Official contract signing with Djibouti Office of Geothermal Energy Development (ODDEG) for the three Geothermal wells to the tune of Ksh.709 million ($6.4mn) was done today Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#663 Posted : Saturday, February 13, 2021 8:09:42 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Ericsson wrote: Kengen clinches deal to drill geothermal wells in Le Koma Djibouti.Official contract signing with Djibouti Office of Geothermal Energy Development (ODDEG) for the three Geothermal wells to the tune of Ksh.709 million ($6.4mn) was done today This is the third geothermal drilling contract that KenGen has won in Africa. In October 2019, the company secured a Sh5.8 billion contract to drill 12 geothermal wells in Ethiopia. The contract with an independent power producer includes installing a water supply system and equipment. In February 2019, KenGen won yet another contract for consultancy services and drilling geothermal wells. The contract is worth Shs7.6 billion and it has also developed partnerships with countries such as Ethiopia and Rwanda in renewable energy development. KenGen has invested in experts with considerable experience in geothermal exploration and drilling and will build the capacities of teams from Djibouti who will be working on the project. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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kawi254		#664 Posted : Sunday, February 14, 2021 9:45:55 AM
Rank: Member Joined: 2/20/2015 Posts: 404 Location: Nairobi		Ericsson wrote: Ericsson wrote: Kengen clinches deal to drill geothermal wells in Le Koma Djibouti.Official contract signing with Djibouti Office of Geothermal Energy Development (ODDEG) for the three Geothermal wells to the tune of Ksh.709 million ($6.4mn) was done today This is the third geothermal drilling contract that KenGen has won in Africa. In October 2019, the company secured a Sh5.8 billion contract to drill 12 geothermal wells in Ethiopia. The contract with an independent power producer includes installing a water supply system and equipment. In February 2019, KenGen won yet another contract for consultancy services and drilling geothermal wells. The contract is worth Shs7.6 billion and it has also developed partnerships with countries such as Ethiopia and Rwanda in renewable energy development. KenGen has invested in experts with considerable experience in geothermal exploration and drilling and will build the capacities of teams from Djibouti who will be working on the project. A niche that should be dominated by Geothermal Drilling Company (GDC).
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Ericsson		#665 Posted : Sunday, February 14, 2021 10:20:46 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		kawi254 wrote: Ericsson wrote: Ericsson wrote: Kengen clinches deal to drill geothermal wells in Le Koma Djibouti.Official contract signing with Djibouti Office of Geothermal Energy Development (ODDEG) for the three Geothermal wells to the tune of Ksh.709 million ($6.4mn) was done today This is the third geothermal drilling contract that KenGen has won in Africa. In October 2019, the company secured a Sh5.8 billion contract to drill 12 geothermal wells in Ethiopia. The contract with an independent power producer includes installing a water supply system and equipment. In February 2019, KenGen won yet another contract for consultancy services and drilling geothermal wells. The contract is worth Shs7.6 billion and it has also developed partnerships with countries such as Ethiopia and Rwanda in renewable energy development. KenGen has invested in experts with considerable experience in geothermal exploration and drilling and will build the capacities of teams from Djibouti who will be working on the project. A niche that should be dominated by Geothermal Drilling Company (GDC). GDC depends on exchequer for funding. GDC drilling equipment are inferior to the ones from Kengen since GDC are Chinese made GDC was a political company that was formed by the likes of Nyoike who saw Eddy Njoroge who at that time KENGEN MD too powerful. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#666 Posted : Tuesday, February 16, 2021 2:46:13 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		After tax dividend yield at 6%. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#667 Posted : Wednesday, February 17, 2021 11:28:23 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		https://twitter.com/Mihr...tus/1362012316850659330 Who is this foreign investor who has been dumping Kengen persistently? Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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littledove		#668 Posted : Thursday, February 18, 2021 7:53:39 AM
Rank: Member Joined: 7/1/2014 Posts: 817 Location: sky		Ericsson wrote: https://twitter.com/MihrThakar/status/1362012316850659330 Who is this foreign investor who has been dumping Kengen persistently? kengen is fully tied to kplc, if kplc is going down- collapsing it will go down with kengen. if things continue as they are by next year we will hear stories like kenyapower is unable to pay kengen 100 billion. At the same time it will not be possible for kengen to disconnect power as it will be worse for them, so the debt will keep pilling awaiting government to intervene, God forbid if the same crop of leaders will continue after 2022 we will have another kenya airways scenario for both kengen and kplc There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson		#669 Posted : Thursday, February 18, 2021 10:45:26 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		littledove wrote: Ericsson wrote: https://twitter.com/MihrThakar/status/1362012316850659330 Who is this foreign investor who has been dumping Kengen persistently? kengen is fully tied to kplc, if kplc is going down- collapsing it will go down with kengen. if things continue as they are by next year we will hear stories like kenyapower is unable to pay kengen 100 billion. At the same time it will not be possible for kengen to disconnect power as it will be worse for them, so the debt will keep pilling awaiting government to intervene, God forbid if the same crop of leaders will continue after 2022 we will have another kenya airways scenario for both kengen and kplc Jubilee government. And as days go by the cashflow situation is becoming increasingly difficult Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#670 Posted : Monday, February 22, 2021 11:05:41 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		https://www.the-star.co....venture-to-drc-cs-keter/ Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#671 Posted : Thursday, February 25, 2021 7:00:24 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Kengen HY2020/2021 Revenue ksh.21.8bn Profit before tax up 9.5% ksh.6.87bn Profit after tax ksh.5bn Units sold up 5% to 4274GWhs Cashflow from operations surged by 57% to ksh.13.8bn more than doubling end period cash position to ksh.10.8bn Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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littledove		#672 Posted : Friday, February 26, 2021 8:07:42 AM
Rank: Member Joined: 7/1/2014 Posts: 817 Location: sky		https://www.businessdailyafrica.com/bd/corporate/companies/kengen-earnings-down-38pc-3304484 Kenya Electricity Generating Company (KenGen) net profit for the half-year period ended December 2020 fell 38.13 percent on the back of lower earnings from thermal power generation and absence of tax savings. KenGen, which is 70 percent owned by the State, announced on Thursday profit dropped to Sh5.06 billion from Sh8.17 billion a year earlier. On the other hand, Kenya Power — the biggest buyer of electricity from KenGen — reported a drop of 80.06 percent in profit for the same period to Sh138 million, citing depressed demand for power amid Covid-19 knocks on economic activity. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson		#673 Posted : Friday, February 26, 2021 8:43:20 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		littledove wrote: https://www.businessdailyafrica.com/bd/corporate/companies/kengen-earnings-down-38pc-3304484 Kenya Electricity Generating Company (KenGen) net profit for the half-year period ended December 2020 fell 38.13 percent on the back of lower earnings from thermal power generation and absence of tax savings. KenGen, which is 70 percent owned by the State, announced on Thursday profit dropped to Sh5.06 billion from Sh8.17 billion a year earlier. On the other hand, Kenya Power — the biggest buyer of electricity from KenGen — reported a drop of 80.06 percent in profit for the same period to Sh138 million, citing depressed demand for power amid Covid-19 knocks on economic activity. Profit after tax is not a good measure. Profit before tax is a good comparison measure. Thermal power the company makes no profit and at times they pay more in terms of fuel costs compared to what they receive. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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