Kenya Signs Power Deal with Adani Energy Solutions
Kenya Signs Power Deal with Adani Energy Solutions

Kenya Signs Power Deal with Adani Energy Solutions

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Adani Energy Solutions has signed a USD 736 million agreement with Kenya's KETRACO to develop and maintain 388 kilometers of high-voltage transmission lines over 30 years, despite ongoing legal challenges questioning the contract's transparency. The deal, finalized after four months of negotiations, will be financed through KSh 95.68 billion in debt and equity, with Energy Cabinet Secretary Opiyo Wandayi emphasizing its importance for enhancing Kenya's electricity infrastructure. However, concerns persist regarding potential increases in electricity prices due to the Adani Group's substantial financial recovery plans. In a related development, Bangladesh is likely to retain its power purchase agreement with Adani Power amid supply concerns, despite significant pricing issues which have been criticized for their lack of competitiveness compared to other suppliers. The Bangladeshi government is reviewing these contracts for transparency but faces difficulties in canceling the deal given its critical role in meeting the nation's power demands. The scrutiny of Adani’s contracts highlights broader issues of governance and financial implications in both Kenya and Bangladesh.

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