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Originally published by Nation Businessbusiness
July 13, 2026
15h ago
Litmus test: Firm in liquidation battle bids for Sh65bn Ketraco deal
Pabari Investments has submitted a proposal to Ketraco for the construction of four electricity transmission lines...
✨ Key Highlights
The National Treasury and Ketraco face a decision on Sh65 billion power projects amid a liquidation battle involving one of the bidding firms, Pabari Investments.
- Pabari Investments, battling a liquidation attempt by Absa Bank Mauritius, has submitted a Sh65 billion proposal for four power projects.
- The outcome could be impacted by a ongoing court case, as the PPP Act, 2021 prohibits government evaluation of proposals from insolvent companies or those with current legal proceedings.
- Pabari Investments' owners are also shareholders in Kwale International Sugar Company, which was awarded Sh24 billion in damages by the High Court last year.
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