Kenya Electricity Transmission Company (Ketraco) is under pressure to pay a Spanish company more than Sh10 billion or face liquidation, over a debt arising from a botched contract nearly a decade ago.
The state corporation suffered the blow after the High Court declined to order C.A. Infraestructuras T & I SLU to deposit Sh185 million as security for costs, after the Spanish firm filed liquidation proceedings against Ketraco to enforce an award it won in 2019.
