TransCentury-owned Civicon has suffered a blow after the High Court discharged orders blocking Equity Bank from releasing funds to Chinese firm Fuji Electric arising from a multi-million shilling contract for the construction of a geothermal power plant in Olkaria.
Justice Josephine Monga’re discharged the orders issued in June blocking Equity from effecting payment to the Japanese firm, pending the resolution of the dispute between the parties through arbitration.
