KETRACO

 KETRACO and Jyoti sued by UBA to avoid liquidity UBA Bank in Kenya has sued Jyoti Structures an Indian firm and Kenya Electricity Transmission Company Limited (KETRACO). The suit is because of the danger of losing the money advanced to both companies. The Bank is in liquidation, trying to recover over US$2.6 million it supported Jyoti with to build Isinya-Suswa electricity transmission line. A court order restraining KETRACO from making payments to the ailing firm…