Ecobank Kenya has won a court order directing the Kenya Electricity Transmission Company (Ketraco) to pay it Sh549 million from proceeds of a Sh10 billion arbitral award involving a Spanish company against the State agency.
The High Court in Milimani Nairobi ruled that the bank’s claim takes priority over competing claims by Spanish contractor Instalaciones Inabensa SA and COX T&L SL, which says it acquired rights to the award.
