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The Standard Group Plc is a
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Energy Cabinet Secretary Charles Keter’s pointed desire to keep current CEO of the Geothermal Development Company (GDC) in office despite the board’s recommendation against the move has exposed the rot at the corporation.
From undeclared company losses, massaged profits, spiraling tax liabilities now at Sh4.7 billion, delays of multi-billion shilling projects, assets worth Sh3.6 billion left to waste away in the field, it is the story of disgrace for the fairly new corporation.
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