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KenGen Media Report 1st - 2nd March, 2017.

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Presentation on theme: "KenGen Media Report 1st - 2nd March, 2017."— Presentation transcript:

1 KenGen Media Report 1st - 2nd March, 2017

2 KenGen Closing share Price
Closing Share Price as at 1st March 2017 was Sh 6.55

3 KenGen Print Coverage Business Daily Date: 2nd -Mar-2017 Page: 7
KenGen’s profit dips to Sh4.6bn on lower sales, higher expenses Power producer KenGen reported an 18.4 per cent drop in net profit in the half year ended December, weighed down by lower sales and higher expenses.

4 KenGen Print Coverage Business Daily Date: 2nd -Mar-2017 Page: 20
Mitsubishi Corp led-consortium wins tender to build 140MW Olkaria plant A three-company consortium led by Japanese firm Mitsubishi Corporation has won the tender to construct KenGen’s new 140 megawatt (MW) Olkaria V geothermal power plant in Naivasha.

5 KenGen Print Coverage Business Daily Date: 2nd -Mar-2017 Page: 20
NSE investor wealth down Sh33bn as top counters shed value Investor wealth at the Nairobi Securities Exchange (NSE) fell by Sh32.5 billion yesterday after the share prices of large stocks retreated in trading. KenGen gained 3.3 per cent to Sh6.30, even as the firm announced that its half year to December 2016 net profit fell by 18.4 per cent to Sh4.6 billion.

6 KenGen Print Coverage Daily Nation Date: 2nd -Mar-2017 Page: 38
KenGen’s profit drops 18pc Power producer KenGen reported an 18.4 per cent drop in net profit in the half year ended December, weighed down by lower sales and higher expenses.

7 KenGen Print Coverage The Star Date: 2nd -Mar-2017 Page: 19
Lower power sales hurt KenGen half-year profit KenGen's net profit for six months through December 2016 fell by per cent on flat growth in electricity revenues, the state-owned power producer announced yesterday..

8 KenGen Print Coverage The Standard Date: 2nd -Mar-2017 Page: 34
Poor performance by KenGen's non-traditional revenue streams has resulted in a 17 per cent drop in the company's profits for the half-year to December last year.

9 KenGen Print Coverage 02-Mar-17 Business Daily
DATE PUBLICATION HEADLINE/SUBJECT PAGE AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 02-Mar-17 Business Daily KenGen's profit dips to Sh4.6bn on lower sales, higher expenses 7 107503 537,515 Power producer KenGen reported an 18.4 percent drop in net profit in the half year that ended in December, weighed down by lower sales and higher expenses. Mitsubishi Corp led-consortium wins tender to build 140MW Olkaria plant 20 181120 905,600 A three-company consortium led by Japanese firm Mitsubishi Corporation has won the tender to construct KenGen's new 140 megawatt Olkaria V geothermal power plant in Naivasha. NSE investor wealth down Sh33bn as top counters shed value 124344 621,720 Of the top five counters of Safaricom, East Africa Breweries Ltd, Equity Bank, BAT Kenya and KCB, only the tobacco manufacturer avoided a price fall yesterday, closing flat at Sh905 a share. Daily Nation KenGen's profit drops 18pc 38 25535 127,675 KenGen reported an 18.4 per cent drop in net profit in the half year ended December. The results for the period were impacted by the decommissioning of Garissa, Lamu and Embakasi gas turbine thermal power plants.

10 KenGen Print Coverage 02-Mar-17 The Standard
DATE PUBLICATION HEADLINE/SUBJECT PAGE AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 02-Mar-17 The Standard KenGen half-year profits dip to Sh4.6b as revenues shrink 34 69297 346,485 Poor performance by KenGen's non-traditional revenue streams has resulted in a 17 per cent drop in the company's profits for the half-year to December last year. The Star Lower power sales hurt KenGen half-year profit 19 179007 895,035 KenGen's net profit for six months through December fell by per cent on flat growth in electricity revenues, the state owned power producer announced yesterday.

11 KenGen Electronic Coverage 01-Mar-17 Classic 105
DATE STATION HEADLINE/SUBJECT TIME AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Classic 105 KenGen net profit for six months drops by 18% to Ksh 4.63bn 18:33 22410 112050 KenGen net profit for six months ended December 2016 has fallen 18% to Ksh 4.63 Billion from Ksh 5.67 Billion, CEO Albert Mugo says that the earnings were impacted by decommissioning of power stations. East FM KenGen net profit fall by 18% 17:37 15470 77350 KenGen net profit for six months to December 2016 has fallen by 18% due to the commissioning of teh Garissa, Lamu and Embakasi gas turbine thermal power station. 18:36 Egesa FM KenGen profits declines over closed power plants 13:24 21510 107550 KenGen has posted a declined profit following closure of its power plants in Lamu,Garissa and Embakasi.

12 KenGen Electronic Coverage 01-Mar-17 Hot 96
DATE STATION HEADLINE/SUBJECT TIME AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Hot 96 KenGen records drop in its profits 14:24 58060 290300 Continued decommissioning of thermal power plants have seen state power producer KenGen profits slip in the six months to December 31st. Milele FM KenGen profits drop 18:32 35410 177050 KenGen has reported reduction of its profits by twenty two percent. Musyi FM KenGen in search of new CEO to replace Albert Mugo 08:08 23760 118800 Power producer Kenya Electricity Generating Company has begun the search for the replacement of outgoing chief executive Albert Mugo. Pwani FM KenGen to generate 721Mw in the next 5 years 19:13 16830 84150 KenGen is planning to invest close to Sh1 trillion to generate additional 721Mw of electricity in the next five years, lined up for completion in 2020.

13 KenGen Electronic Coverage 01-Mar-17 Radio Jambo
DATE STATION HEADLINE/SUBJECT TIME AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Radio Jambo KenGen profits drop by 48.34% 17:21 30550 152750 KenGen profits have dropped by 48.34% in a period of six months to 4.63 billion. CNBC KenGen posts 27% drop in HY pre-tax profit 12:00 19600 98000 Nairobi Stock Exchange listed KenGen has reported a half year profit before tax of million US dollars against million US dollars previously. K24 INTERVIEW : Johnson Nderi , Head Corporate Finance, ABC Capital 13:41 824000 Head Corporate Finance, ABC Capital Johnson Nderi discusses matters inflation including KenGen Half Years Pre-tax profit NTV KenGen half-year profit drops 11:49 315270 KenGen has recorded reduced profits for the half year ended 2016 compared to December 2015, attributed to the commissioning of Garissa, Lamu and Embakasi gas turbines, thermal power plants and non-receipt of revenue from commercial drilling services.

14 KenGen Electronic Coverage 01-Mar-17 NTV
DATE STATION HEADLINE/SUBJECT TIME AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 NTV KenGen records profit after tax of Sh4.63 billion 21:48 193940 969700 KenGen has recorded a profit after tax of Sh4.63 billion for the half year ending in December 2016 which is a drop from previous year's Sh5.67 billion.

15 Print Industry Coverage DATE PUBLICATION HEADLINE/SUBJECT PAGE
AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 02-Mar-17 Daily Nation Security risk as power at major prison is cut 9 42863 214,315 Power supply to Shimo la Tewa Maximum Prison has been disconnected over a Sh256,000 bill, posing a security risk. The People Daily IN BRIEF: Turkana wind project enters last mile stage 15 48239 241,195 Lake Turkana Wind Power has announced it can produce up to 33 per cent of its expected target of 310 MW from current installed capacity, having erected 347 out of 365 turbines. The Standard Palaver: Kenya Power can be exasperating... 15774 78,870 Kenya Power can be exasperating at times, as Janet Kibaara found out. Her dad, residing barely 600 metres from Nyakahura Primary School in Murang'a County, is yet to be connected to electricity despite having applied through the Last Mile project.

16 Industry Electronic Coverage 01-Mar-17 Athiani FM
DATE STATION HEADLINE/SUBJECT TIME AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Athiani FM Residents ask Kenya Power to restore power 19:06 66500 332500 Kalawa residents have asked Kenya power to work to restore power in the area, the residents claim that a transformer supplying power to the area broke down four weeks ago and this has seen traders count numerous losses. BAHARI FM Man appears in court for illegal electricity installation 16:06 80850 404250 A man in Malindi has been taken to court for installing electricity illegally where he has pleaded guilty Coro FM Lake Turkana Wind Power on course for completion 17:04 13840 69200 Lake Turkana Wind Power, Africa's largest wind power plant is currently in a position to produce up to 33% of its expected target of 310 MW ahead of the 2017 deadline. County FM 19:10 19140 95700 Kalawa residents have asked Kenya power to work to restore power in the area, the residents claim that a transformer supplying power to the area broke down four weeks ago.

17 Electronic Industry Coverage DATE STATION HEADLINE/SUBJECT TIME
AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Iqra FM L.Turkana Wind Power positioned to produce 33% of expected target 19:53 17320 86600 Lake Turkana Wind Power is currently in a position to produce up to 33 percent of its expected target of 310 megawatts.In addition a total of 347 out of 365 turbines have already been erected, which is a clear indication that the project is on course for completion as per its original plan by June this year. Kaya FM Middle aged man arrested over illegal power connection 21:12 30000 150000 A middle aged m.an has been arrested for illegally connecting power last month. KBC English Service Lake Turkana Wind Power to start generating income July 19:11 6330 31650 The Lake Turkana Wind Power Project is expected to start generating income for the nation by July this year. Mbaitu FM Kenya Power asked to restore power in Tulimani area 19:12 17400 87000 Kenya Power has been asked by Tulimani residents to save them from constant power outages in the area, reports say that the power has been out for four weeks.

18 Electronic Industry Coverage DATE STATION HEADLINE/SUBJECT TIME
AVE VALUE(KSH) PR VALUE(KSH) SUMMARY 01-Mar-17 Pwani FM Turkana wind power project yields 102MW 16:06 15380 76900 Lake Turkana Wind Power Company has started the injection of an initial 102MW into the national grid. Radio Taifa Lake Turkana wind power project yields 102MW 13:09 36300 181500 Lake Turkana Wind Power company can produce up to 33 per cent of its expected target of 310 Megawatts signaling to conclude as scheduled. KBC Channel 1 Lake Turkana wind power project going on well 19:26 110900 554500 The Lake Turkana Wind Power project is going on well and is expected to begin operating in June this year. The project will provide electricity to at least 1 million households. KTN News L.Turkana Wind Power set to inject 33% of power into the national grid 14:51 268800 Lake Turkana Power company is set to contribute about 33% of its expected target of 310MW into the national grid.

19 -END- Thank You.


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