Adani
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ENERGY
[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,…
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ENERGY
Kenya Seals KSh95.68 Billion Power Project Deal with Adani
Kenya Electricity Transmission Company Limited (KETRACO) has signed a new deal with Adani Energy Solutions for the development of transmission lines and sub-stations. According to a statement from Opiyo Wandayi, the Cabinet Secretary for Energy and Petroleum, ”the agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya.…
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