The Eldoret Water and Sanitation Company is stable and will not collapse, CEO Reuben Tuwei has said. Tuwei said the water company, which serves Eldoret and its environs, was operating effectively with a stable financial flow contrary to a report released by a watchdog committee at the Uasin Gishu county assembly.
"A few issues in the report were misinterpreted and the truth is that we are operating as usual," said Tuwei, who was speaking to the Star in his office on Friday.
Tuwei clarified issued raised in the report which was tabled at the county assembly by chairman of the Public Investments and Accounts Commiitee Ramadhan Warambo. He said the company had not defaulted in the repayment of Sh1.7 billion loan from the German government.
The report had indicated that the firm could not remit Sh10 million monthly for the loan repayment. "We used Sh100 million to buy land for a sewerage system at Kipkenyo on behalf of the government, which was to provide the land. We agreed that treasury was to use money it would have used on the land to pay the loan for the month in question," Tuwei said. He said the firm has set aside funds to repay the loan once the dispute over the Sh100 million was resolved.