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{
"id": 21637,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/21637/?format=api",
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"speaker_name": "Eng. Rege",
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"speaker": {
"id": 135,
"legal_name": "James Kwanya Rege",
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"content": "Mr. Temporary Deputy Speaker, Sir, on Wednesday 27th July, 2011 the Deputy Prime Minister and Minister for Finance, Mr. Kenyatta tabled the following three Sessional Papers in the House:- (i) Sessional Paper No.1 of 2011, on Kenya Government Guarantee of a loan of Eur 39,100,000 equivalent to Kshs4,926,600,000.00 from the KFW Frankfurt Am Main to the Kenya Electricity Generating Company for the rehabilitation and upgrade of the Kindaruma Hydropower Plant. (ii) Sessional Paper No.2 of 2011, on Kenya Government Guarantee of a loan of Eur 60,000,000.00 which is equivalent to Kshs7,560,000,000.00 from the KFW, Frankfurt Am Main to the Kenya Electricity Generating Company for financing the 280mw Olkaria I and IV Geothermal Power Plant. (iii) Sessional Paper No.3 of 2011, on Kenya Government Guarantee of a loan of Japanese Yen29,516,000,000.00 which is equivalent to Kshs33,353,080,000.00 from the Japan International Cooperation Agency (JICA) to finance Ol Karia 1 Unit Four and five Geothermal Power Project. Mr. Temporary Deputy Speaker, Sir, on Wednesday 3rd August, 2011 the Speaker directed that the three Sessional Papers be referred to the joint Committee of the House between the Departmental Committee on Energy, Communication and Information and the Departmental Committee on Finance, Planning and Trade to endeavor and file a joint report. The joint Committee held seven meetings to examine the matter. The seven meetings were held by the joint Committee and three meetings with the Minister for Energy. The joint Committee held three meetings with the Minister for Energy together with the management of KenGen Limited where the Committee was able to interrogate them on a variety of broad issues touching on the Sessional Papers. After deliberation on the evidence and information submitted before it, the joint Committee made the following observations: The joint Committee knows that currently the country has negative power generation margin and, therefore, there is need for more investment in the energy generation sub- sectors. The Committee further raised concerns about the possibility of the Government of Kenya offloading its shareholding in KenGen and concluded that it will closely monitor the privatization programme to ensure that Government of Kenya does not lose its controlling interest in KenGen. The procurement for the supply, installation and commission of the wellhead turbine generators by KenGen was not done satisfactorily and since the matter is still ongoing, the Departmental Committee on Energy, Communication and Information will fully engage with the Ministry of Energy on this issue for further investigation and recommend proper installation or procurement. Mr. Temporary Deputy Speaker, Sir, I will not go into details of reading out the names of Committee Members as stipulated in the requirement for submitting such a paper but I just want to take the opportunity to give---"
}