@BusinessDaily

Chinese rivals to fight it out for Sh29bn Turkana dam deal

4 months ago, 11 July 19:00

By: Galgallo Fayo

The High Court has stopped the National Irrigation Board (NIB) from re-evaluating the tender for construction of a mega dam in Turkana County as ordered by the State procurement watchdog pending determination of a case filed by a consortium of three Chinese firms.

The consortium, which won the tender for the building of the Lowaat dam despite quoting Sh11 billion more than lowest bidder, moved to court to fight the cancellation of the lucrative deal.

The three firms -- Sinotec Limited, Toddy Civil Engineering Limited and Zhejiang Provisional No.1 Water Conservancy & Electric Power Construction Group Holdings -- quoted Sh29 billion.

China International Water and Electric Corp, which was the lowest bidder at Sh17.9 billion, successfully petitioned the Public Procurement Administrative Review Board (PPARB) to cancel the award.


Read More


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@BusinessDaily

Chinese rivals to fight it out for Sh29bn Turkana dam deal

4 months ago, 11 July 19:00

By: Galgallo Fayo

The High Court has stopped the National Irrigation Board (NIB) from re-evaluating the tender for construction of a mega dam in Turkana County as ordered by the State procurement watchdog pending determination of a case filed by a consortium of three Chinese firms.

The consortium, which won the tender for the building of the Lowaat dam despite quoting Sh11 billion more than lowest bidder, moved to court to fight the cancellation of the lucrative deal.

The three firms -- Sinotec Limited, Toddy Civil Engineering Limited and Zhejiang Provisional No.1 Water Conservancy & Electric Power Construction Group Holdings -- quoted Sh29 billion.

China International Water and Electric Corp, which was the lowest bidder at Sh17.9 billion, successfully petitioned the Public Procurement Administrative Review Board (PPARB) to cancel the award.


Read More

Category: business corporate news

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7 hours ago, 12:29
@StandardMedia - By: Lee Mwiti
Kenya airlines demand tax review to lower fuel costs

Top airlines in the country have protested the high fuel prices that have been brought by stringent taxation from the government. ...

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KCB's exits deepened with the Sh2bn early retirement programme that sent home 316 employees. ...

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Court orders landlord to deposit Sh20m in Nakumatt suit

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