- A Spanish company filed a liquidation petition against Kenya Electricity Transmission Company over an unpaid KSh 10 billion arbitral award
- Ketraco argued that its government-owned status shielded it from insolvency proceedings, but the High Court rejected that objection
- The debt traces back to a 2013 construction contract for a 400-kilovolt transmission line that Ketraco terminated three years later
TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting, offering insights into Kenyan and global economic trends.
The High Court has dismissed a bid by Kenya Electricity Transmission Company (KETRACO) to block insolvency proceedings brought against it by Spanish firm C.A….