Indian billionaire Gautam Adani’s power transmission unit, Adani Energy Solutions, has signed an agreement with the Kenya Electricity Transmission Company Limited (KETRACO) to develop, finance, and maintain key power infrastructure in Kenya.
- The USD 736 million deal covers the construction of 388 kilometers of high-voltage transmission lines across the country. Adani will manage these lines for 30 years, before transferring the assets to KETRACO.
- The project cost, estimated at KShs 95.68 billion, will be financed through debt and equity. Kenya’s Ministry of Energy highlighted that this agreement, concluded after four months of negotiations.
However, this deal is not without controversy. A Kenya-based organization has moved to court, challenging the government’s decision to award the contract, citing the lack of public participation and transparency in the process. The Commission for Human Rights and Justice has also demanded KETRACO disclose the terms of the agreement, a matter that remains under judicial review.
This comes at a time when Adani is eyeing further deals in Kenya, including a 30-year concession to manage Jomo Kenyatta International Airport (JKIA), a proposal that has also faced public backlash over transparency concerns.
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