KenGen to pay Sh2 billion as debt battle continues

DNMENENGAIGEOTHERMAL2306

Geothermal well discharging steam at Menengai Geothermal Development Company (GDC) project in Nakuru County on June 7, 2023. PHOTO | FRANCIS MUREITHI | NMG

The High Court has directed electricity producer KenGen to pay Sh1.98 billion to a firm seeking billions of shillings from Geothermal Development Corporation (GDC) in a botched contract.

Justice Alfred Mabeya further set aside an order freezing all KenGen’s bank accounts as the row between GDC, Lantech Africa Ltd and several banks escalated.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.