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{
    "id": 262487,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/262487/?format=api",
    "text_counter": 233,
    "type": "speech",
    "speaker_name": "Mr. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Mr. Speaker, Sir, the rights issue of KPLC according to information presented by the Minister for Energy to the Departmental Committee on Energy and Communication on 14th July, 2011, during the scrutiny of his budget, he informed us that out of the Kshs9.83 billion raised during that rights issue, a sum of Kshs2.5 billion was still being held by KPLC. The other Kshs7.5 billion was still with the Treasury. He further informed the Committee that out of this Kshs7.5 billion, he will write to the Treasury and ask them to transfer Kshs2 billion to REA in order to compensate for the loss of Kshs1.8 billion paid to KRA for non refund of VAT. Again, during the presentation of the Budget Committee Report on the estimates of revenue and expenditure for this current financial year on page 12 of their report which was tabled in the House, a sum of Kshs2 billion from the dividend income and from this rights share of KPLC which was owned by the Government was to be transferred to REA. So, both Committees were informed and we are now asking---"
}