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{
    "id": 532876,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/532876/?format=api",
    "text_counter": 116,
    "type": "speech",
    "speaker_name": "Sen. Keter",
    "speaker_title": "",
    "speaker": {
        "id": 169,
        "legal_name": "Charles Cheruiyot Keter",
        "slug": "charles-keter"
    },
    "content": "Thank you for that correction. I mean Kshs1.2 billion. It rose from Kshs21 million to Kshs1.2 billion. Last week when we were debating the Mining Bill, it is unfortunate that some of our colleagues walked out, I wish they were there but I believe when it comes to the Third Reading, they can make some improvement at the Committee Stage. I say that because most of the countries which have turned around their economies have really realigned themselves on their mineral resources. We have many minerals in this country and if well managed through policies and laws, I believe that sector can fund the economy of this country. Countries like Australia, Canada, and United States of America (USA) have grown their economies through mineral resources. Therefore, I want to call upon our colleagues from the other side that during the Third Reading, they should make some improvement on the Bill before we adopt it as a House. Mr. Temporary Speaker, Sir, earlier, the Senate Majority Whip mentioned the energy sector. The President said that so far within the last two years, we have increased our generation capacity from 1500 megawatts to 2100 megawatts. We have been having about 1300 megawatts for a long time through Independent Power Producers (IPPs) who are extremely expensive. This made the cost of energy to be very high. With the increased capacity of geothermal power, we are going to get the cheapest energy in this country, that is, at about 7 cents. The cost of electricity in countries which have geothermal power like the USA is relatively low. Therefore, with additional power plants which were launched the other day, soon, our electricity bills are going to come The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}