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"speaker_name": "Sen. Kisang",
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"content": "Mr. Speaker, Sir, the legislative proposal considered by the Committee includes the Local Content Bill which is a Committee Bill and an amendment to the Energy Act sponsored by Sen. Sifuna. The Local Content Bill, 2023 aims to create a comprehensive legal framework that will fully enhance local content in Kenya. Following deliberations of the Committee, the Committee resolved to maintain the local content at 30 per cent. The Bill is currently awaiting publishing. The Energy (Amendment) Bill, 2023 whose principal object of the Bill is to amend the Energy Act, 2019 to provide for transparency in Energy purchase agreements. It was considered by the Committee and approved for publication. The Bill was published on 1st September, 2023. Mr. Speaker, Sir, the Energy (Amendment) Bill, 2023 (Senate Bills No. 42 of 2023) was published on 1st September, 2023 and was introduced in the Senate by way of First Reading on Tuesday, 17th October, 2023 and thereafter stood committed to the Senate Standing Committee on Energy for consideration and facilitation of public participation. The rationale for disclosure of the beneficial ownership information is to create an accurate public disclosure regime that provides transparency in the beneficial ownership and control structures of companies. This aids in not only promoting investor confidence and good corporate governance practices, but also in uncovering tax evasion schemes, money laundering practices, corruption schemes and other illegal activity involving either one or more companies. In compliance with the provisions of Article 118 of the Constitution and Standing Order No.145 (5) of the Senate Standing Orders, the Committee proceeded to undertake public participation on the Bill. In this regard, the Committee published an advertisement in the Daily Nation and The Standard newspapers on Thursday, 19th October, 2023 inviting members of the public to submit written memoranda to the Committee on the Bill by 3rd November, 2023. The Committee considered the memoranda received and adopted the report on 28th November, 2023. The report is in the process of being approved for tabling. Mr. Speaker, Sir, regarding Statements, pursuant to Standing Order No.53 of the Senate Standing Orders, five Statements were sought from the Committee. The Committee considered and concluded two of these Statements. In considering the said Statements, the reports and responses received by the Committee were shared with respective Senators and the Statements concluded. The Statements that were concluded include the following- (1) Statement sought by Sen. Lomenen on the electricity transmission infrastructure in major towns within Turkana County. (2) Statement sought by Sen. Chute regarding the status of electricity connection in Marsabit County. Mr. Speaker Sir, the pending Statements are as follows- (a) Statement sought by Sen. Alexander Mundigi MP on seizure by Government of an oil consignment. The Committee has written to the Cabinet Secretary, Ministry of Energy and Petroleum seeking a response. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}