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{
    "id": 1378875,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1378875/?format=api",
    "text_counter": 148,
    "type": "speech",
    "speaker_name": "Sen. Osotsi",
    "speaker_title": "",
    "speaker": {
        "id": 13588,
        "legal_name": "Osotsi Godfrey Otieno",
        "slug": "osotsi-godfrey-otieno"
    },
    "content": "This is a matter that needs addressing, because in every sector, you will hear that regulations are lying at the office of the Attorney General. What is happening in that office, led by my good friend, former Speaker, hon. Justin Muturi? Something has to be done. We also have regulations in the sugar, tea and electricity sectors, lying there. What are those people doing in that office? The other major issue is the debt burden at the KPC, whose debt portfolio is Kshs38.9 billion. If you have such a high debt portfolio, you cannot be efficient or produce cheap power. All these issues generally revolve around the efficiency of Kenya Power. We get concerned because it is the monopoly in electricity distribution. Supposing something happens to Kenya Power Company, the country would be in darkness. This is not only in Kenya Power Company; it is even in telecommunications – Safaricom. Madam Temporary Speaker, this is the real state capture. Forget what the Member of Parliament (MP) for Kikuyu is talking about. Something has to be done. The issue of encouraging private investment has to come in, so that we have pension funds and financial institutions investing in power generation, transmission and distribution. That has to be emphasized. All in all, this is a wonderful Report. I seriously hope that it will be implemented. However, the Committee should have time to look at those omissions, particularly on economic factors and make further recommendations, so as to reduce the cost of power. This is because it is an important aspect in dealing with the cost of living, which we are all talking about. Madam Temporary Speaker, there is also the issue of legal costs related to procurement of meters and transformers at Kenya Power Company. The Committee should have given us the way forward on how to handle those issues as well. With those few remarks---"
}