Nairobi, April 27 -- A Supreme Court award of Sh10 billion for a botched electricity contract is being claimed by three Spanish firms, including one that has been declared bankrupt and dissolved, putting Kenya at risk of paying three times that amount, or Sh30 billion.
The apex court in October 2022 ordered Kenya Electricity Transmission Company (Ketraco) to pay Spanish firm Instalaciones Inabensa €37.6 million for breach of contract after cancelling a deal for building a high-voltage transmission line and substations.
However, unknown to the Kenyan lawyers and judges, Inabensa was fighting for its life in the Spanish capital, in a struggle that saw it declared bankrupt a month after the Supreme Court verdict.
In the end, In...
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.