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KenGen to pay Sh2 billion as debt battle continues
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.