Kenya: Cement tycoon buys Moi out of Sh8bn Menengai power plant firm

Steel and cement tycoon Narendra Raval has bought Baringo Senator Gideon Moi’s stake in a company that won a lucrative deal to build a 35-megawatt geothermal power plant in Menengai, Nakuru County. The billionaire’s Devki Group now fully owns Sosian Menengai Geothermal Power, one of the three firms that State-owned Geothermal Development Company (GDC) awarded exclusive…

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