(PHOTO CREDITS: Courtesy THE STAR)
The Kenya government prevailed in an ICSID international arbitration case against WalAm Energy at Washington based International Centre for Settlement of Investment Disputes.
The arbitration had been filed by the US/Canada based geothermal company called WalAm Energy Inc.
The dispute relates to Suswa geothermal fields and was filed in ICSID in February 2015 and the hearing took place in London in May 2018.
WalAm Energy Inc. sued the government following the cancellation of its Geothermal Resources Licence.
WalAM contended that the Kenyan government unlawfully revoked the Geothermal Resources Licence, hence breaching its obligations under the Geothermal Resources License and the Geothermal Resources Act, including, the unlawful expropriation and the violation of the minimum standard of treatment of foreign investors.
