Adani Group to construct power lines in Kenya
Kenya has granted a public-private partnership concession to construct transmission lines to the Adani Group of India and Africa50.
Image for illustration purposes.
Kenya, Nairobi: Kenya has granted a public-private partnership concession to construct transmission lines to the Adani Group of India and Africa50, a division of the African Development Bank, according to President William Ruto’s chief economic adviser, David Ndii. The concession is valued at $1.3 billion.
He added that the government, through KETRACO, has awarded PPP concessions to Adani and Africa50 for the construction of new transmission lines. They are currently in the process of hiring their project teams. Africa50 is a subsidiary specialising in infrastructure investment under the African Development Bank.
Source: newscentral.africa
