Adani, AfDB Get $1.3 Billion Concession for Kenya Power Lines
- Hiring for project teams ongoing, president’s adviser says
- Separate deal for Kenyan airport concession has raised hackles
Electricity transmission towers in Naivasha, Kenya.
Photographer: Patrick Meinhardt//BloombergThis article is for subscribers only.
The Kenya Electricity Transmission Co. 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.
“The government 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.”