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{
    "id": 90695,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/90695/?format=api",
    "text_counter": 329,
    "type": "speech",
    "speaker_name": "Mr. Yinda",
    "speaker_title": "",
    "speaker": {
        "id": 154,
        "legal_name": "Edwin Ochieng Yinda",
        "slug": "edwin-yinda"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, thank you for giving me this opportunity to also support this Motion, which is very timely. I strongly believe that the shareholding at KPLC should be fully owned by the Government. That is because KPLC is a strategic company that is offering essential services. The economic growth of this country strongly depends on the power supply. Mr. Temporary Deputy Speaker, Sir, as we all know, the cost of power in Kenya is very high. This is also one of the reasons why investors find it very expensive to come in and put money in this country. As the report indicates, the shareholding of the Government at the moment is shown as below 50 per cent. This should not be allowed to continue. I am, therefore, requesting this House to approve this Report, and the Government to act with speed so that the proper ownership percentage of this company is reflected correctly; the KPLC should continue doing what it is supposed to do. If we are to attain the achievements we expect to attain under Vision 2030, power is a very important input into that process. I cannot see how we will get there with the current cost of power. At the moment, REA is doing their best to supply power to the rural areas but connections by KPLC are taking too long. The use of geothermal power should also be encouraged. Geothermal companies need to get more financing from the Treasury. As we were told recently, in order for geothermal companies to achieve their goal, they need better funding than what was given by the Treasury. Therefore, to be able to lower the cost of power, we all know that we need to turn to cheaper forms of power and geothermal entity is definitely one of those companies that will get this country out of the problem of high power cost. I am glad to note that emergency power should be a thing of the past, especially that provided by independent power providers. We know that is also an area where this country has lost a lot of money. I am very sure and confident that geothermal companies will be able to provide enough power to cover the section that was covered by independent power providers. Mr. Temporary Deputy Speaker, Sir, in my view, most of the profits made by the KPLC should be used to cover the power users. At the moment, the cost of power could be tremendously reduced if this money is used to meet the costs that the power consumers are incurring in this country. With those few remarks, I wish to support."
}