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How GDC paid Sh1.4bn to China firm with no address

A GDC rig in Menengai, Nakuru. [File, Standard]

A State corporation does not know the official physical location of a Chinese company it advanced Sh1.4 billion as part payment for a Sh5.8 billion contract awarded in 2014.

A fresh trove of documentation obtained by Sunday Standard details the circumstances in which the Geothermal Development Company (GDC) lost the staggering amounts to Hong Kong Offshore Oil Services (HOOSL).

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