Managing Director & CEO of the Geothermal Development Company Paul Ngugi before the Public Investments Committee on Commercial Affairs and Energy at Parliament buildings Nairobi on April 16, 2024.
The National Assembly has opened a full-scale inquiry into Sh2.4 billion that the Geothermal Development Company (GDC) paid to a UK firm that drilled incomplete wells in the Menengai geothermal field.
The Public Investment Committee on Commercial Affairs and Energy has summoned Attorney-General Justin Muturi to shed light on how the State handled the dispute at the London-based International Arbitration Tribunal (LCIA), which awarded $26.26 million(Sh2.4 billion at the time of the award in 2017 and Sh3.46 billion at current exchange rates) to a British energy firm, Cluff Geothermal Company.
The committee chaired by Pokot South MP David Pkosing wants Mr Muturi and Solicitor-General Kennedy Ogeto to appear next week to shed light on the controversial payments.
