James Maina Kamau

All parliamentary appearances

Entries 271 to 280 of 490.

• 25 Aug 2010 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the other players in the electricity sub-sector are the Ministry of Energy, the Energy Regulatory Commission (ERC), the Kenya Electricity Generation Company (KenGen), the Geothermal Development Company (GDC), the Kenya Electricity Transmission Company (KETRACO) and the Rural Electrification Authority (REA). view
• 25 Aug 2010 in National Assembly: Annexes to this report are as follows: A letter by the Permanent Secretary, Treasury to the Permanent Secretary, Ministry of Energy approving the restructuring of Kenya Power and Lighting Company (KPLC) capital base; amount of dividends paid to each shareholders from December, 2007 to December, 2009 and a list of all shareholders of the KPLC as of 31st March, 2010. view
• 25 Aug 2010 in National Assembly: Mr. Temporary Deputy Speaker, Sir, on the ownership, the KPLC was incorporated as a public limited liability company under the Companies Act on 6th January, 1922 as the East African Power and Lighting Company. On diverse dates between 1960 and 1975, the Government bought the KPLC shares totaling to 32,853,268 which represents about 40.4 per cent of the voting shares of the company. view
• 25 Aug 2010 in National Assembly: The authorized share capital is Kshs18 billion divided into 97,850,000 Ordinary Stocks Unit of Kshs20 shillings each; that is,1,800,000 or 4 per cent Cumulative Preference Stock Unit of Kshs20 each of 350,000 or 7 per cent Cumulative Preference Stock Unit of Kshs20 each and 800 million or 7.85 per cent redeemable non-cumulative preference shares of Kshs20 each. Out of the 18 billion authorized share capital, 18,722,000 ordinary shares of Kshs20 each and 5,037,000 or 7.85 per cent redeemable non-cumulative shares of Kshs20 each constituting 475,190,080 un-issued shares, leaving Kshs17,524,809,000 as the issued share capital. view
• 25 Aug 2010 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the 7.85 per cent redeemable non- cumulative preference shares were created in 2003 under debt- equity conversion arrangement approved by the Cabinet in order to strengthen the capital base of the company for following four consecutive years of massive loss making amounting to Kshs13.64 billion. The losses eroded the company’s capital base to a negative position and it was unable to pay its major creditors; that is, the Government and KenGen within the respective contractual credit periods. On diverse dates between 1960 and 1975, the Government bought the KPLC shares totaling 32,853,268 which represent 40.4 ... view
• 25 Aug 2010 in National Assembly: Mr. Temporary Deputy Speaker, Sir, as at 31st March, 2010 the top 20 shareholders of the KPLC were as follows (I do not need to read this because it has already been tabled before the House). It is a long list of the owners of the company. view
• 25 Aug 2010 in National Assembly: Following the amendment to the State Corporation’s Act of 2002, a state corporation generally requires the Government’s authority to transact the following businesses, including those corporations which are exempted from the Act:- (i) Staff engagement, salaries and pension schemes; view
• 25 Aug 2010 in National Assembly: (ii) Control of finances and approval of the annual budget; view
• 25 Aug 2010 in National Assembly: (ii) Disposal and acquisition of assets; view
• 25 Aug 2010 in National Assembly: (iv) Audit by the Controller and Auditor-General; view