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{
    "id": 111953,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/111953/?format=api",
    "text_counter": 10,
    "type": "speech",
    "speaker_name": "Mr. Keter",
    "speaker_title": "The Assistant Minister for Energy",
    "speaker": {
        "id": 169,
        "legal_name": "Charles Cheruiyot Keter",
        "slug": "charles-keter"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. The correct position is that the KPLC made a profit before tax of Kshs2.863 billion from July to December, 2009. Over the same referenced period, the profit of the Company after tax was Kshs1.873 billion. Hon. Members may wish to note that there had been gross under investment in the transmission and distribution capacity in the country from as early as 1990s to June, 2003. This contributed to poor quality of electricity supply in the country. Despite substantial investments over the last six years made by the Company, with the support of the Government, the quality of power is still below the expected standard. This has been due to lack of adequate funds to upgrade obsolete equipment and hardware in the network including system expansion. The current rate of electricity connectivity is 20 per cent which means that 80 per cent of Kenyans are in darkness. This is not consistent with the aspirations of all of us in this House. In order to reinforce the network for improved delivery of quality of power, and concurrently expand the electricity infrastructure to meet the ever rising demand, the KPLC must undertake heavy investments. These investments will require the KPLC to generate substantial funds from its operations in order to be in a position to borrow the balance. Lending institutions, as we are all aware, require any borrower to contribute a portion of the required capital funds from their operations and this is usually set at 30 per cent of the investment cost. However, the KPLC, with the support of the Government, has been able to borrow up to 75 per cent of capital expenditures, thus reducing pressure"
}