Baringo Senator Gideon Moi has bought back a majority in a company that won a lucrative deal to build a 35-megawatt geothermal power plant in Menengai, Nakuru County from steel and cement tycoon Narendra Raval.
Mr Raval, the billionaire owner of Devki Group, has relinquished his stake in Sosian Menengai Geothermal Power, one of the three firms that State-owned Geothermal Development Company (GDC) awarded exclusive rights to set up a steam plant under a build-own-operate model.
