A Chinese firm that completed the construction of the Loiyangalani-Suswa power transmission line has offered to waive a Sh1.1 billion interest claim against the Kenya Electricity Transmission Company (Ketraco) in a bid to unlock payment of Sh1.138 billion due from the State.
Nari and PowerChina Guizhou Engineering (Nari-PCGE), which completed the line that is being used to evacuate electricity from Lake Turkana Wind Power (LTWP) project, told Parliament that it is willing to waive the interest that has accrued over four years if this will prompt the Treasury to make good the principal dues.
