Banks back 2b$ 1 000 MW coal fired power project in Kenya

[Geza Ulole]

Sammuel999, u can't avoid me buddy i am the force to reckon with that puts kenyans inhere on their toes!

Guess what even Nationmedia knows me n did try to put an opinion on me thinking they will discourage me!

The problem is u r too new in this forum to know me! On those earlier days, i used to write the whole editorial criticizing Kenya's ego.

Lets see if u can ignore me for the next one month!

 

[Cicero]

Once the plant is up and running, it will be the single largest power generating plant in East, Central and Southern Africa, excluding South Africa, and will account for about 50% of Kenya’s power production.


is there a coal power plant in west Africa???

Not to be rude, lakini 1000MW tu? And u think it'll be the largest? Umeskia ile ya Congo DRC ya 40000MW? Na Grand Renaissance ya Ethiopia? Yaani hata Stiegler Gorge ya Tanzania (2000MW) will be larger than that!

 

[Kichuguu]

Coal power is a menace! Trust me, because I know everything about coal power.

 

[collinss]

Sammuel999, I am pretty sure KQ will not live to make profit with the regional market that KQ heavily depends upon becoming tighter n tighter!

If for all those over 20 yrs of unchallenged monopoly, KQ is making over $200 mln yearly loss, then they should be psychological prepared to make a further loss of at least $300 mln per yr when Air Tanzania n Air Uganda enter the market.

Just to assure u, with both Uganda n Tanzania floating on oil n gas revenues, i see these two nations' airline having at least 10 aicraft each by 2020 enough to inflict more misery towards that KQ's 56 fleet u brag about!

Using Fastjet as an example, could you please try to explain as to how being a new player in the market automatically guarantees profit?
Because the airlines you are talking about are in the league of Jambojet, which is profitable btw.

 

[Livale]

well geza sawa 63bn$ * 6.0% growth rate— 67bn$ for 2017

71bn$ for 2018
75bn$ for 2019
80bn$ for 2020
86bn$ for 2021
90bn$ for 2022
.
.
.
.
2030 189bn$ -this is if nothing special happens in Kenya

well We may develop technology like Facebook snapchat or instagram and get resources either way you will never catch us


this year Ethiopia is growing at 4%

Kenya 5.8-6.2 %

tuko nao Ana kwa ana


KQ WILL never fall toka 1946-1977

1977-2016

mtangoja so mlidhani hizo fleet za fastjet zitatuweka chini hahaha

The 63.1 billion gdp is in fact 2015's figure, come end of this year we'll be at the 67 billion mark at this growth rate. This is according to world bank, tradingeconomics, IMF etc. Links below
Kenya GDP | 1960-2016 | Data | Chart | Calendar | Forecast | News
Kenya - Wikipedia, the free encyclopedia
Kenya Home

 

[Geza Ulole]

Livale, is 2016 already passed?

 

[Livale]

Livale, is 2016 already passed?

Hoho, my oh my. What don't you understand by the terms "come end of this year" and "at this growth rate"?

Quick question for you Geza, what's Tanzania's gdp nominal? Don't mince words, a figurative answer is all I'm asking for

 

[1 Africa]

Not to be rude, lakini 1000MW tu? And u think it'll be the largest? Umeskia ile ya Congo DRC ya 40000MW? Na Grand Renaissance ya Ethiopia? Yaani hata Stiegler Gorge ya Tanzania (2000MW) will be larger than that!

Are those plants coal powered?
Get your facts right next time.

 

[1 Africa]

Sammuel999, u can't avoid me buddy i am the force to reckon with that puts kenyans inhere on their toes!

Guess what even Nationmedia knows me n did try to put an opinion on me thinking they will discourage me!

The problem is u r too new in this forum to know me! On those earlier days, i used to write the whole editorial criticizing Kenya's ego.

Lets see if u can ignore me for the next one month!

You wish

 

[Cicero]

Are those plants coal powered?
Get your facts right next time.

This is what he said:
"Once the plant is up and running, it will be the single largest power generating plant in East, Central and Southern Africa, excluding South Africa, and will account for about 50% of Kenya’s power production."
Perhaps he should have been more specific

 

[Cicero]

Do Kenyans have coal? My guess is that they'll tap into our massive coal reserves. It's all good. Waje wamejaa $$.

 

[bongo-live]

Do Kenyans have coal? My guess is that they'll tap into our massive coal reserves. It's all good. Waje wamejaa $$.

niliona sehem flan that they have coal deposits.
Kenya coal project hoping to start production in 2016
7th March 2014 BY: JOHN MUCHIRA
CREAMER MEDIA CORRESPONDENT
Commercial production of coal in Kenya will start in the next two years.
This follows Chinese company Fenxi Mining’s announcement that it plans to invest hundreds of millions of dollars in the Mui Basin project.
Just two months after signing a concession accord with the Kenya government, Fenxi unveiled an exploration and production investment plan that should see mining start in 2016.
ADVERTISEMENT
Dr George Kareithi, MD of Great Lakes, Fenxi Mining’s local partner, says the Chinese company intends to invest $500-million in the project, located some 180 km north-east of the capital, Nairobi.
“We have in place a comprehensive investment plan . . . [and] we intend to commence mining as soon as 2016.”
He adds that the company has already contracted Nortken International to carry out a strategic environmental assessment for the concession area.
In December last year, the Kenya government signed a concession accord with Fenxi Mining to develop two blocks in the concession area, estimated to host more than 400-million tons of coal reserves valued at $40-billion.
Fenxi will pay the East African nation a concession fee of $3-million for one of the blocks and $500 000 for the other.
When mining operations start, government will receive 23.6% of the gross revenue from the bigger block and 22.1% of the revenue from the smaller block.
Fenxi Mining won the concession for the two blocks in 2011 but the project has encountered opposition, particularly from the local community.
The resolution of the disputes, which culminated in the signing of the concession agreement, is a boost to Kenya’s efforts to generate electricity from coal.
Kenya is banking on coal-powered plants to generate at least 5 000 MW by 2017 to meet growing electricity demand, after it became apparent that geothermal plants would not come on stream soon enough owing to financial constraints.
Kenya is looking for private investors to build two coal- powered plants with capacity to generate 1 000 MW each.
EDITED BY: Martin Zhuwakinyu
CREAMER MEDIA

 

[1 Africa]

This is what he said:
"Once the plant is up and running, it will be the single largest power generating plant in East, Central and Southern Africa, excluding South Africa, and will account for about 50% of Kenya’s power production."
Perhaps he should have been more specific

Lets hope he/she will clarify.

 

[bongo-live]

Lets hope he/she will clarify.

haha r u mocking mr sam, she?? a mong'ina

 

[1 Africa]

haha r u mocking mr sam, she?? a mong'ina

Hell no....
I said he/she. Meaning either he or she.
(at the moment I wasn't sure who had posted)

 

[Dhuks]

Sammuel999, u can't avoid me buddy i am the force to reckon with that puts kenyans inhere on their toes!

Guess what even Nationmedia knows me n did try to put an opinion on me thinking they will discourage me!

The problem is u r too new in this forum to know me! On those earlier days, i used to write the whole editorial criticizing Kenya's ego.

Lets see if u can ignore me for the next one month!

Of coz anybody can avoid you, there are moronic levels where we prefer not to tread. If you translate that as a victory on your side you need to fire your anti-psychotic drugs administrator

 

[Tim Choice]

Of coz anybody can avoid you, there are moronic levels where we prefer not to tread. If you translate that as a victory on your side you need to fire your anti-psychotic drugs administrator

😀😀😀😀...LO!

 

[Geza Ulole]

Of coz anybody can avoid you, there are moronic levels where we prefer not to tread. If you translate that as a victory on your side you need to fire your anti-psychotic drugs administrator

n u have truly avoided me...

 

[Kafrican]

anti-psychotic drugs ...hahahahaha uuuwi

 

[Quickly]

Not to be rude, lakini 1000MW tu? And u think it'll be the largest? Umeskia ile ya Congo DRC ya 40000MW? Na Grand Renaissance ya Ethiopia? Yaani hata Stiegler Gorge ya Tanzania (2000MW) will be larger than that!

All those projects mentioned are on paper. The coal plants in Kenya are actually being built. Remember that most of the power output from Gibe I-III and GERD are to be exported primarily to Kenya.
And yes, 1,000 MW is a big deal. More than 25 % of homes can be connected to the grid. At current production of approximately 2300 MW ,it works out to about 1/3 of Power output. And at least 60% of yours,if reliable stats exist.