Local operators of global technology firm Siemens AG, which is building 1,000km high voltage direct current lines between Ethiopia and Kenya, is seeking the courts protection to stop a firm that is threatening to file an insolvency petition over a disputed bill.
Siemens says in court filings it is apprehensive that if not restrained by the court Afrikon Limited might go ahead with its threat to file a winding up petition causing it reputational damage.
Siemens was initially awarded the contract in a consortium with construction company Isolux Corsan.
The tender was placed by the Ethiopian Electric Power Corporation and the Kenya Electricity Transmission Company and funded by the World Bank.
At the centr…
Read the full article at: https://www.nation.co.ke/business/Siemens-says-Sh45bn-at-stake-in-Kenya-firm-row/996-4831546-nxh187z/