Kenya: U.S. firm seeks Sh62 billion for botched geothermal project

13 February 2017, Nairobi — A US-based energy firm, WalAm Energy Inc, is seeking Sh61.8 billion ($600 million) compensation from the Kenya government for a botched geothermal project. The firm wants the World Bank arbitration body, International Centre for Settlement of Investment Disputes (ICSID), to compel Kenya to pay it for terminating its 30-year exclusive […] More »