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{
    "id": 1398963,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1398963/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Hon. Davis Chirchir",
    "speaker_title": "The Cabinet Secretary for Energy and Petroleum",
    "speaker": null,
    "content": "tightened Monetary Policy FedEx running the United States of America (USA), interest investment in the USA at almost 5.5 per cent, we did not have Dollars. It is unfortunate that we have to use our Dollars to import food, things we can easily grow. I have just consulted with Kenya Power about the design for the scheme to support that rice scheme. It is more of upgrading to three-phase. The same question goes to the industrial park. The Chief Executive Officer (CEO) is here with me. We are going to follow up and make sure that because we are not building a new network, even if the harvest is now, we can support the people in that rice scheme within the season because upgrading is not a matter of months. It can be done in a few days. So, we will look at the funding aspect to be able to do that upgrade. The only challenge that we face is that sometimes we handle Kenya Power as a social company. We have 49.9 per cent investment listed in the stock market; the Nairobi Securities Exchange (NSE) and, therefore, when Kenya Power goes to the ground and gives an invoice or a bill for a transformer, if we can support them with payments, they should be able to connect immediately. However, in terms of extending the network to the area, that is our responsibility because it is commercial. They will get revenue by pulling the network to where the business is, so that they can sell more power. So,"
}