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High Court compels GDC to pay tech contractor Sh2bn
Tuesday January 19 2021
A steam well drilled by Geothermal Development Company (GDC) at Menengai exploration site in Nakuru. FILE PHOTO | NMG
By JOSEPH WANGUI
Summary
The firm, Lantech (Africa) Limited, had been awarded $18.2 million (Sh2 billion in current forex exchange rate) by the arbitrator, Kyalo Mbobu.
The dispute between the two parties started after the ICT firm finished its two-year contract for provision of maintenance services, but GDC failed to settle the amounts due.
Court papers indicated that on July 1, 2013, the ICT firm and GDC entered into an agreement for a fixed term of two years for the provision of maintenance services at Menengai Geothermal Project.