A standoff between the Kenya Electricity Generating Company (KenGen) and its financier, the European Investment Bank (EIB), has stalled a key consultancy tender for the Sh32 billion Olkaria VII geothermal project.
The High Court has now backed KenGen’s decision to terminate the procurement for the consultancy services, quashing a tribunal’s ruling that had ordered the process to proceed despite the funding stalemate.
