Business
Adani, African Development Bank get $1.3 billion sops for Kenya project
The Kenya Electricity Transmission has awarded Adani Group and a unit of the African Development Bank a public-private partnership concession to construct high-voltage power lines, according to an adviser of the East African nation’s president.
“Govt through Ketraco has awarded PPP concessions to Adani and Africa50 to build new transmission lines,” David Ndii, chairman of President William Ruto’s Council of Economic Advisers, said in a post on X.”They are hiring their project teams. The cost of these transmission lines is $1.3 billion that we do not have to borrow.”
Many Kenyans have been angered about a separate proposal to grant another unit of the Adani Group a 30-year concession to run the nation’s largest airport. Aviation workers held a one-day stoppage last week to protest those plans.
“Govt through Ketraco has awarded PPP concessions to Adani and Africa50 to build new transmission lines,” David Ndii, chairman of President William Ruto’s Council of Economic Advisers, said in a post on X.”They are hiring their project teams. The cost of these transmission lines is $1.3 billion that we do not have to borrow.”
Many Kenyans have been angered about a separate proposal to grant another unit of the Adani Group a 30-year concession to run the nation’s largest airport. Aviation workers held a one-day stoppage last week to protest those plans.