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{
    "id": 262463,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/262463/?format=api",
    "text_counter": 209,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Mr. Speaker, Sir, I have explained very clearly that the principle of capital-base restructuring of Kenya Power’s balance sheet was not to raise money. It was to convert the redeemable Preferential Shares of the Government into ordinary stocks, so as to clean up the balance sheet of KPLC. Therefore, the Government of Kenya does not have preference redeemable shares. They are now ordinary stocks of 50.1 per cent. The purpose was to increase the funding of REA, and I promise that we are going to increase the funding for the REA."
}