Adani, African Development Bank get $1.3 billion sops for Kenya project – Times of India

Adani, African Development Bank get .3 billion sops for Kenya project – Times of India



The Kenya Electrical energy Transmission has awarded Adani Group and a unit of the African Improvement Financial institution a public-private partnership concession to assemble high-voltage energy strains, in response to an adviser of the East African nation’s president.
“Govt via Ketraco has awarded PPP concessions to Adani and Africa50 to construct new transmission strains,” David Ndii, chairman of President William Ruto’s Council of Financial Advisers, stated in a put up on X.”They’re hiring their challenge groups. The price of these transmission strains is $1.3 billion that we shouldn’t have to borrow.”
Many Kenyans have been angered a few separate proposal to grant one other unit of the Adani Group a 30-year concession to run the nation’s largest airport. Aviation staff held a one-day stoppage final week to protest these plans.







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