Adan Keynan

All parliamentary appearances

Entries 1031 to 1040 of 2568.

• 16 Jun 2015 in National Assembly: (ii) the contraction of residue conversion facility; (iii)the production of clean products; and (iv) the determination of products specification and minimisation of emission, and, in particular, stabilisation of electricity supply to the Refinery and basically upgrade the Refinery in terms of the agreement. This last objective, however, was not met because of the reasons that I will explain later on. Essar Energy Overseas Limited was incorporated in Mauritius in 2007 before acquiring 50 per cent of the share capital in KPRL. The Company had aimed to diversify its current interests in KPRL as provided for in the Memorandum of Association. ... view
• 16 Jun 2015 in National Assembly: The Cabinet’s decision over the modernisation undertaken at the Refinery was not adhered to by the implementing agencies, the Ministries concerned and by Essar Energy. This gave an opportunity to cartels and wheel dealers to maximise on an industry that has affected lives because we know that oil and oil products play a critical role in our economy. Our farmers use it. We use it on our roads in our transport sector. We use it in almost every sector including our homes. The homes of many Kenyans who are not privileged to have electricity, use gasoline as light. view
• 16 Jun 2015 in National Assembly: Hon. Speaker, entire operations were affected simply because of the actions or the inactions of some of our own senior Government officials and because of the greed of this briefcase company. It is a briefcase company because when we asked the manager then to demonstrate the existence of this company in Mauritius, the only thing the Managing Director said was that he was seconded from a company in India to come and supervise this particular transaction and he was given a base in Mauritius. view
• 16 Jun 2015 in National Assembly: These are issues that some of these agencies would be interested in and may later on visit there because we did that to get facts. The delay in modernisation of the Refinery has contributed to the inefficiencies at the facility which has greatly jeopardised the regional and national economy. view
• 16 Jun 2015 in National Assembly: As we pride ourselves as a regional economic hub, this cannot just remain on paper. We pride ourselves as the biggest economy in the region but this must be demonstrated in action. We have heard over the years countries competing and we are being overtaken. Today if a facility we put up in 1959, before Independence, can be closed in 2014, 50 years down the line, then what are we telling the current and the next generations? This is happening under our watch. view
• 16 Jun 2015 in National Assembly: The sale and privitisation of key Government institutions in particular over the years has been shrouded in mystery. I have been on record asking: Which of the institutions the Government that has privatised over the last two decades has taken off properly? Just yesterday, we heard what happened. Two years ago we celebrated that things at Uchumi had changed, it had been revitalized and taken over by a new management but right now I have heard from the Chairperson and other Board of Directors that Uchumi is almost being put under receivership. view
• 16 Jun 2015 in National Assembly: Hon. Speaker, we have seen what has happened to the Kenya Airways, the Kenya Railways Corporation, the Kenya Meat Commission (KMC) and a number of other Government- owned institutions. This cancer that affects any attempt to privatise or diversify Government interest in any of these institutions--- The Telkom Kenya is another good example. This issue must be properly investigated and the Government of Kenya must be properly advised so that taxpayers’ interest can be taken care of. view
• 16 Jun 2015 in National Assembly: Public participation, as required in Article 10 and Article 108 of the Constitution, may be the cure because most of these investments or privatisations were done in a manner that did not depict transparency and did not show complete openness. Maybe this is one of issues that has affected the privatisation of these entities and has not effectively contributed to the economic wellbeing of the people of Kenya. view
• 16 Jun 2015 in National Assembly: One of the shocking observations we made was that initially there was an offer of US$15 million by Essar Overseas Energy Group. That offer later changed to US$11 million. It did not happen and eventually, the offer changed to US$2million. You can ask yourself - and this is not a matter for speculation - how did the figure reduce from US$15 to US$2 million? Who are the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 16 Jun 2015 in National Assembly: individuals who negotiated? What happened? Was this a kill or a cut? The difference between US$15 and US$2 million is a whopping US$13 million. At the current exchange rate today it is Kshs1.3 billion. If an entity was willing to pay US$15 million and within the negotiation the figure reduced to US$2 million you can only speculate what happened to the difference of US$13 million. view