Isolux Ingeneria SA, the Spanish firm whose deal for the construction of the Sh15.7 billion Turkana-Suswa power line was recently terminated by the Kenya Electricity Transmission Company, has now had its local bank accounts frozen following a row with one of its sub-contractors over a Sh1.1 billion debt.
Justice Louis Onguto has ordered that Isolux Ingeneria’s accounts with Barclays Bank #ticker:BBK, Credit Bank Limited, Bank of Africa, Ecobank and KCB #ticker:KCB be frozen until he has determined a suit filed by Congolese sub-contractor Enterprise Generale Malta Forrest which has claimed Sh1.1 billion.
