elbarik
JF-Expert Member
- Jul 5, 2016
- 576
- 395
KenGen to invest Sh800bn in green energy projects - Capital Business
- Thread starter elbarik
- Start date
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,427
That this menengai power station is the largest in the geothermal power plant in the world
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,427
So more of this are going to make Kenya electricity available and quite cheap. During the weekend i used Athi-River Namanga Road and i could noy imagine it! The place has become an industrial hub. Many Factories have been developed and many other still under construction. Near Kajiado Town, UMMA University is busy under construction, Opposite it is the Kentraco 220V/400V station that construction is in top gear! It is Massive. 200m from here, is a massive Triford Ceramics Factory still under construction but production has laready started. I met fellows wanting to buy massive lands for Factory establishment. All this is happening due to availability of power, i looked at power consumption of the ceramic factory and realized it is massive!! Let them put up this things and make us industrialized. I also got the news that the NNC (Nuclear Commision is in advanced stage to start the construction of the nuclear power plant at the coast. They say that is the only solution to the high electricity requirement forecaster in the coming 10 years.
Sammuel999
JF-Expert Member
- Jun 1, 2016
- 3,481
- 2,347
Jana kwa bloomberg kulikuwa na news juu ya nuclear project ya kenya ....inaanza 2020 na washa chagua hata contractor itacost 5bn$
Bukyanagandi
JF-Expert Member
- Jun 24, 2009
- 11,061
- 16,752
That this menengai power station is the largest in the geothermal power plant in the world
Msiwe mnaweka chumvi mno kwa kuwafanya watu wajinga!! Unataka kuwambia members kwamba Kenya ina nishati kubwa ya geothermal kuliko Iceland??
Bukyanagandi
JF-Expert Member
- Jun 24, 2009
- 11,061
- 16,752
Rubbish!! Wakati mwingine usanii wenu inazidi mipaka, mara ngapi mnakuja hapa na kudai eti visima vyenu vya mafuta vimekadiriwa kuzalisha Tera-barrels za mafuta per day!! Mahesabu hayo mnatumia mashine gani - Quatum Computers au?
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,427
Nasema hiki kiwanda, wajua kuna viwanda vingi hata Kenya, kuna Suswa, Menengai 1, 2, nk. Sasa vile tu kipo kimoja, ndo kikubwa duniani. Hata hivyo imabakia kidogo tupite Iceland na kama hiki kiwanda cha $800,000 kitajengwa basi, tutawapita na mbali
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,427
Wee bana nawe hueleweki, nani alisema hayo!! Unatia mambo kwa midomo ya watu!!
elbarik
JF-Expert Member
- Jul 5, 2016
- 576
- 395
Bukyanagandi
JF-Expert Member
- Jun 24, 2009
- 11,061
- 16,752
Kwani mwenzako kasema nini kuhusu installed Capacity ya Geothermal nchini mwenu? Si amesema Kenya ndio inaongoza Duniani!!!
Bukyanagandi
JF-Expert Member
- Jun 24, 2009
- 11,061
- 16,752
Kwani tatizo liko wapi, please revisit Edward Wajala alicho andika amesema na hapa namunukuu "Menengai power station is the LARGEST repeat -largest- in the Geothermal power plant in the WORLD" mwisho wa kumunukuu.
Sasa anaposema largest in the Wirkd ana maana gani - is it installed Capacity ya kuzalisha Umeme au anazungumzia area inayo kuwa covered na majengo na sio uzalishaji umeme? Ndio maana na insist kila siku kwamba msiwe mnaweka chumvi mno, kweli mnajitahidi sana kuendeleza Taifa lenu - lakini ni vyema kutupatia taarifa zenye ukweli hapo sisi hatutasita kuwapongezeni.
Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,248
- 7,022
It is the Largest Single Geothermal plant in the world (Nafikiri iko na only two turbines each producing 140MW) ... No one will want to praise having the largest geothermal power plant in terms of area covered, that doesnt make any sense or add any value...... There are other plants with bigger capacities but in all of them, thy have multiple small turbines with multiple wells dug across the geographical space.... The Kenya olkaria plant used a newwer version state of the art turbines that are very large and effective built buy a joint collaboration between Toyota and Toshiba companies, achieving a new fete of engineering
---------------------
http://www.powerengineeringint.com/...st-geothermal-power-plant-opens-in-kenya.html
World's largest geothermal plant opens in Kenya as global development steams ahead
Kenya’s 280 MW Olkaria geothermal power plant, the world’s largest, began commercial operation today, with an opening ceremony held yesterday and attended by government officials. The plant (pictured) will provide almost 20 per cent of the nation’s total power capacity.
Kenya is among the world’s most active regions for geothermal development, and figures from the national statistics bureau showed that 381.6 MW of geothermal power was generated in December alone. According to utility Kenya Electricity Generating Co (KenGen), geothermal power now accounts for 51 per cent of the nation’s installed power capacity, displacing hydropower as the top energy source.
“The growth rate seems almost preposterous but we’re seeing 10 geothermal rigs running just in Kenya — they are going crazy with money flowing in,” said Mike Long, executive vice-president of US-based strategic consultancy Galena Advisors. “Geothermal will be growing in Kenya, maybe not to the numbers the government is publishing, but 200 MW per year will be fairly sustained for five+ years.”
Long added that the next growth countries for geothermal power will likely be Ethiopia, Tanzania, Rwanda and Uganda, which are all pushing similar geothermal programmes. Indeed, in its latest power review Uganda’s government said its energy ministry is putting in place a geothermal industry workforce with skills necessary to enable rapid development of the sector. The nation has also received technical assistance from the Japan International Cooperation Agency and has signed a memorandum of understanding with the Kenyan government to help expedite sector development.
According to the Geothermal Energy Association (GEA), the global geothermal power market added 600 MW of new capacity in 2014, and is predicted to add another 600 GW or more each year for the next three to four years, with over 700 geothermal power projects are under development in 76 countries. In addition to Africa, Central America and Asia-Pacific are also predicted to be high-growth regions.
This week’s news reports showed clear evidence of a global geothermal boom. In Turkey, a favourable feed-in tariff (FiT) programme and a $125m early stage geothermal support framework developed in collaboration with the European Bank for Reconstruction and Development as part of the nation’s new renewable energy action plan are driving significant interest in geothermal power. The Caribbean island of Grenada has announced that it is moving forward a partnership with New Zealand that aims to develop the island’s geothermal resources, and will begin an initial assessment this month. And reports show a geothermal project underway on the island of Mindoro in the Philippines, where a test well is being dug and developers hope to harness 40 MW of volcanic heat.
Meanwhile, in Indonesia Alstom has been awarded a contract worth over $68m by PT Pertamina Geothermal Energy2 to supply and install a 30 MW geothermal power plant in West Java. The plant is scheduled to be operational by 2016.
Kafrican
JF-Expert Member
- Jan 26, 2015
- 7,248
- 7,022
Meanwhile Government uped its ownership of KenGen to 74%... (Whish they could do this with KQ)
State ups its stake in KenGen to 74pc By Macharia Kamau Updated Fri, December 2nd 2016 at 08:56 GMT
The Government has increased its shareholding in the Kenya Electricity Generating Company (KenGen), firming its majority owner's grip on the power generator. The State's shareholding increased to 73.92 per cent as of June 2016 from 70 per cent in June 2015, after a rights issue in June this year. The National Treasury, which holds the Government ownership in KenGen, converted a Sh20.2 billion debt into equity, which had the effect of pushing up its shareholding. Treasury now owns 4.62 billion shares out of the total 6.24 billion shares. At the same time, the stake of minority shareholders in the company has been substantially diluted, after the rights issue. KenGen, in its annual report for the year to June 2016, said the over 192,000 shareholders held a 14 per cent stake by close of the financial year, compared to 26.78 per cent that was in their hands as of June 2015. The rights issue raised Sh26.4 billion that the company said would be invested in construction of power generation projects. KenGen Chief Executive Officer Albert Mugo said the company is in plans to add 721MW of electricity from geothermal and wind sources to the national grid in the next five years at a cost of $8.1 billion (Sh800 Billion). Mugo, who spoke Wednesday during the firm's 64th Annual General Meeting (AGM) in Nairobi, said the company had already secured some funding from development partners and internal resources while other financing opportunities are being explored. During the AGM, KenGen's management and board were hard pressed as minority shareholders sought to understand why they would not be getting a dividend for the last financial year. KenGen reported a net profit of Sh6.7 billion for the year to June 30. This was, however, a decline compared to Sh11.5 billion it made in the year to June 2015. READ MORE KenGen to receive funding from Belgium for Ngong Wind Power Project expansion KenGen to set up subsidiary to grow revenue from non-core business The shareholders felt short-changed, noting that despite the decline, the firm had reported a decent profit, of which they deserved a share. KenGen, which has a policy to give a third of net profits to shareholders as dividends, said it planned to plough back the profits into the business, in particular the power projects it is implementing. KenGen Board Chairman Joshua Choge sought to reassure the shareholders that the sacrifice made this year would in a few years pay off with major capital gains on their current investments. "We have a pipeline of projects that we are implementing... these projects will see the value of your investments grow and the dividends will also be higher," he told the shareholders. "We will not give a dividend this year because the board has seen an opportunity for growth where we are going to invest. This is a temporary situation... be patient with us and we are guaranteeing you that we will grow your assets and give you a better return." He added that that the dividend policy had not changed and that the firm would resume paying dividends to shareholders but did not give any timelines. During the AGM, Phyllis Wakiaga was appointed to the KenGen board. Ms Wakiaga is the CEO of Kenya Association of Manufacturers (KAM).
Read more at: State ups its stake in KenGen to 74pc
State ups its stake in KenGen to 74pc By Macharia Kamau Updated Fri, December 2nd 2016 at 08:56 GMT
The Government has increased its shareholding in the Kenya Electricity Generating Company (KenGen), firming its majority owner's grip on the power generator. The State's shareholding increased to 73.92 per cent as of June 2016 from 70 per cent in June 2015, after a rights issue in June this year. The National Treasury, which holds the Government ownership in KenGen, converted a Sh20.2 billion debt into equity, which had the effect of pushing up its shareholding. Treasury now owns 4.62 billion shares out of the total 6.24 billion shares. At the same time, the stake of minority shareholders in the company has been substantially diluted, after the rights issue. KenGen, in its annual report for the year to June 2016, said the over 192,000 shareholders held a 14 per cent stake by close of the financial year, compared to 26.78 per cent that was in their hands as of June 2015. The rights issue raised Sh26.4 billion that the company said would be invested in construction of power generation projects. KenGen Chief Executive Officer Albert Mugo said the company is in plans to add 721MW of electricity from geothermal and wind sources to the national grid in the next five years at a cost of $8.1 billion (Sh800 Billion). Mugo, who spoke Wednesday during the firm's 64th Annual General Meeting (AGM) in Nairobi, said the company had already secured some funding from development partners and internal resources while other financing opportunities are being explored. During the AGM, KenGen's management and board were hard pressed as minority shareholders sought to understand why they would not be getting a dividend for the last financial year. KenGen reported a net profit of Sh6.7 billion for the year to June 30. This was, however, a decline compared to Sh11.5 billion it made in the year to June 2015. READ MORE KenGen to receive funding from Belgium for Ngong Wind Power Project expansion KenGen to set up subsidiary to grow revenue from non-core business The shareholders felt short-changed, noting that despite the decline, the firm had reported a decent profit, of which they deserved a share. KenGen, which has a policy to give a third of net profits to shareholders as dividends, said it planned to plough back the profits into the business, in particular the power projects it is implementing. KenGen Board Chairman Joshua Choge sought to reassure the shareholders that the sacrifice made this year would in a few years pay off with major capital gains on their current investments. "We have a pipeline of projects that we are implementing... these projects will see the value of your investments grow and the dividends will also be higher," he told the shareholders. "We will not give a dividend this year because the board has seen an opportunity for growth where we are going to invest. This is a temporary situation... be patient with us and we are guaranteeing you that we will grow your assets and give you a better return." He added that that the dividend policy had not changed and that the firm would resume paying dividends to shareholders but did not give any timelines. During the AGM, Phyllis Wakiaga was appointed to the KenGen board. Ms Wakiaga is the CEO of Kenya Association of Manufacturers (KAM).
Read more at: State ups its stake in KenGen to 74pc
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,427
Installed capacity in the country means total output from such source, such sources have many stations, so i was specific, to the one at Olkaria, i think i wrote menengai but is supposed to be OLkaria (Single station) Mbona imekuwa taabu watu kuelewa hapa?
Similar Discussions
-
-
Kenyans wait with baited breath as Adani likely to raise power bills- Started by Logikos
- Replies: 5
-
Starmer Welcomes Tesla Investment After Musk Controversy- Started by Jackson News
- Replies: 2
-
SoC04 Tanzania tuitakayo, sustainable solution for energy and waste management- Started by anna gasper
- Replies: 1