Adani seeks deal for power lines worth Ksh.116B in Tanzania
Adani Group is in talks for $900 million (about Ksh116 billion) to upgrade Tanzania’s electricity transmission line, citing a senior official familiar with the matter. The Indian company owned by billionaire Gautam Adani is looking to build high-voltage power lines through public-private partnerships, David Kafulila, executive director of Tanzania’s Center for Public-Private Partnerships, said. told the news agency. Southern neighbor Kenya is also in talks with British firm Gridworks Development Partners LLP for a $300 million power line project under a public-private partnership.
The group owns Adani Airport Holdings Limited, which is involved in a dispute over a $1.85 billion investment with the Kenyan government to develop the Jomo Kenyatta International Airport (JKIA) in Nairobi.
The court stayed all proceedings on the lease of JKIA to Adani pending a case brought by the Kenya Human Rights Commission (KHRC) and the Law Society of Kenya (LSK) stop work
It should be mentioned on October 8. At the same time, Adani is also in a Ksh.94 billion contract with the Kenya Electricity Transmission Company to build 422 kilometers of transmission lines in the country..
The group has been at the center of controversy outside Kenya in recent years.
In 2023, Adani was accused by an American investment research firm of fraud and market manipulation, including political corruption, tax evasion, environmental damage and accused journalists.
($1 = Ksh. 129.20).
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