I am sure that some of you may be asking how this is related to what we are doing here. In Kenya, we do not have sufficient hydro power potential and we have been increasingly relying on thermal generation which is very expensive and unfriendly to the environment.
Mr President, in your letter inviting me here this evening, you mentioned that the banking and wider business community is also concerned and that you would welcome my observations on these developments. Let me make these observations by answering the following questions. First, why should we be concerned about these developments? Second, how concerned should we be?