AG Kihara Kariuki said in a statement that a case WalAm Energy Inc filed in 2015 at the International Centre for Settlement of Investment Disputes (ICSID) ended on Friday with a favourable verdict for Kenya - a dismissal of the complaint. “The implication of this ruling is that the Ministry of Energy and the Geothermal Development Company are now at liberty to exploit the geothermal resources in the Suswa geothermal fields and grow the energy capacity of Kenya,” stated Mr Kariuki. In 2007, WalAm was awarded a Geothermal Resources Licence by the then Energy minister Kiraitu Murungi, now the Meru governor. The licence gave the firm, whose headquarters are in Canada, exclusive rights to exploit the geothermal resources in Suswa. The total amount WalAm is to pay Kenya is Sh538,394,819.

Source: Daily Nation July 12, 2020 11:15 UTC