[BREAKING] Kenya Cancels Controversial KSh95.68 Billion Power Deal With Adani
Kenya has cancelled the controversial KShs 95.68 Billion (USD 736m) deal with Adani Energy Solutions for the development of transmission lines and sub-stations.
The cancellation comes just a few hours after Gautam Adani was charged with fraud in the US.
Adani has been accused of orchestrating a $250m bribery scheme and concealing it to raise money in the US.
In October, the Kenya Electricity Transmission Company Limited (KETRACO) signed a new deal with Adani Energy Solutions to build power lines.
As part of this infrastructure development, Adani was to raise all the funding in the form of debt and equity that will be repaid over the 30 years of the project agreement.
This undertaking targeted the development of the following:
- 400kV (Double-Circuit) Gilgil-Thika-Malaa-Konza Line: Spanning 208.73 km, this line will include new substations at Gilgil, Thika, and Malaa, as well as substantial extensions at Konza.
- 220kV Rongai-Keringet-Chemosit Line: Covering 99.98 km, this line will include substations at Rongai, Keringet, and Chemosit.
- 132kV Menengai-Ol Kalou-Rumuruti Line: A 89.88 km line with substations at Menengai, Ol Kalou, and Rumuruti.
- 400/220kV Substation at Lessos: Critical for supporting the 400kV transmission network and enhancing regional power stability.
- 132/33kV Substation at Thurdibuoro: Expanding the local distribution grid, providing much-needed power to underserved areas.
- 400kV (Double-Circuit) Gilgil-Thika-Malaa-Konza Line · 220kV Rongai-Keringet-Chemosit Line · 132kV Menengai-Ol Kalou-Rumuruti Line · 400/220kV Substation at Lessos · 132/33kV Substation at Thurdibuoro.
…developing story
