Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
How non-existent firm is set for Sh10bn Kenya pay
A pylon at the Suswa substation in Narok. Ketraco was in 2022 ordered to pay Spanish firm Instalaciones Inabensa for breach of contract for building a high-voltage transmission line and substations.
A Supreme Court award of Sh10 billion for a botched electricity contract is being claimed by three Spanish firms, including one that has been declared bankrupt and dissolved, putting Kenya at risk of paying three times that amount, or Sh30 billion.
The apex court in October 2022 ordered Kenya Electricity Transmission Company (Ketraco) to pay Spanish firm Instalaciones Inabensa €37.6 million for breach of contract after cancelling a deal for building a high-voltage transmission line and substations.
