INVESTORS SUED OVER SH 13 BILLION PROJECT.

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Lawyer Donald Kipkorir outside Milimani Commercial court after filing a case against German and British companies over 13 shillings hyacinth contract.

BY SAM ALFAN.

A German and British investors sued for 13 Billion shillings energy project in Homabay County.

Watts Dynamics Limited through Lawyer Donald Kipkorir claims that the idea for a power plant to run on hyacinth and developed the same between the years 1998 and 2006.

The firm argues that it conducted successful laboratory testes and thereafter sought partners to undertake feasibility tests for the said Biomass Power Plant Project.

It then provided the German African Energy Council GMBH and PetSchow and Thiel Project management the details of the said project for review on the technical and economic viability.

He claim that the other defendants have by way of false misrepresentations and with intent to defraud it, have fully taken over the Biomass Power Plant Project without appropriate compensation.

They claim that as a result of the said fraud and misrepresentation the company has suffered and continues to suffer loss.

The company claims that the two respondents represented themselves to the Equinox Energy Capital Limited that they can complete or cause to be completed the Biomass Power Plant without their input who are the initiators of the project.

“The plaintiff has now learnt with consternation that the respondents are near completion of the Biomass Power Plant Project and are just firming up minor details, “claims Watt Dynamics Limited.

They claim that the two defendant’s main obligations were to drive the project form a technical and financial perspective, to provision of all finances to complete the project.

They want the court to declare that Watts Dynamics Limited is a bonafide shareholder of Thika Way Investments Limited.

Further they want the court to issue a permanent injunction be issued restraining the defendants from transferring , selling offering sale ,advertising for sale or in any other manner whatsoever dealing are with the Biomass Power Plant Project for 25 years.

Similarly the company is seeking general damages for breach of contact against the respondents.

Hearing to proceed for further directions.

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Am the founder of www.nairobitimez.com.Am a seasoned court reporter previously worked with citizen TV and Kenya News Agency. Passionate about reporting on constitutional matters and business stories. Sovereign Media Network is the proprietor of Nairobi TIMES -www.nairobitimez.com website.

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