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{
    "id": 90693,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/90693/?format=api",
    "text_counter": 327,
    "type": "speech",
    "speaker_name": "Mr. Baiya",
    "speaker_title": "",
    "speaker": {
        "id": 8,
        "legal_name": "Peter Njoroge Baiya",
        "slug": "peter-baiya"
    },
    "content": "It is also true that going by the general cost of electricity in this country, there is widespread concern that it is too high and this situation requires to be addressed urgently. So, if there is no component part of profit driven shareholders as we have been told, the Government should, therefore, do a lot more to ensure that the cost comes down so that it can be sustainable. It is also true that the cost of those kinds of services is strategic in the sense that it can ultimately become a cost factor in other productive activities in the economy. The cost, ultimately, affects the competitiveness of our economy. It is a key component in determining whether we are going to succeed in all our national economic strategic goals. I would, therefore, urge the Government to re-look into the factors that are causing high cost of electricity. If it is about the generation of electricity, for instance, for fossil based fuels which are imported, this obviously will escalate the cost of electricity. It will be seen that, as a company that is strategically gearing itself to addressing the concerns of Kenyans, it should take those kinds of options as the last resort. This was justified initially on the basis that there was drought. We are past the drought period and the tendency to continue using those extra options defies any rational explanation. It is, therefore, important that the Government moves in to ensure that the representation in the Board corresponds to the actual shareholding and to remove the other private sector players who are in the Board but not based on the proportion of their shares. The Government has, maybe, given a concession in the past. But it should really move in and rectify that. The Board members should be appointed according to the actual ownership of that strategic company. Mr. Temporary Deputy Speaker, Sir, for those reasons, I beg to support."
}