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KenGen to pay Sh1.98 billion as debt battle continues

Lantech had been contracted by GDC for a geothermal project in Menengai and the parties fell out.

Lantech-africa ,

KenGen to pay Sh2 billion as debt battle continues

KenGen to pay Sh2 billion as debt battle continues
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Menengai , Rift-valley , Kenya , Justice-alfred-mabeya , Justice-mabeya , Lantech-africa , Lantech-africa-ltd , Standard-chartered-bank , Geothermal-development-corporation , High-court , Alfred-mabeya ,

KenGen ordered to pay GDC Sh3.9bn

KenGen ordered to pay GDC Sh3.9bn
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Menengai , Rift-valley , Kenya , Lantech-africa , Justice-mabeya , Justice-alfred-mabeya , Geothermal-development-company , Lantech-africa-ltd , Kenya-electricity-generating-company-kengen , High-court , Electricity-generating-company , Alfred-mabeya

Firm barred from GDC funds over 2bn debt

The High Court has blocked an ICT company from seizing funds held in an NCBA Bank account over a Sh2 billion debt.

Germany , Kenya , Menengai , Rift-valley , Bogoria , Dorah-chepkwony , Kyalo-mbobu , Justice-chepkwony , Geothermal-development-company , Lantech-africa , High-court , Attorney-general

High Court compels GDC to pay tech contractor Sh2bn

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.

Menengai , Rift-valley , Kenya , Justice-wilfrida-okwany , Kyalo-mbobu , Geothermal-development-company , Lantech-africa , Communication-technology , High-court , Aquinas-wasike , Wilfrida-okwany , Arbitration-act