Adani Energy Agrees to Manage Kenya’s Electricity Transmission Network Infrastructure

Indian billionaire Gautam Adani’s company, Adani Energy Solutions Ltd (AESL), has signed a 30-year agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build and operate key electricity transmission lines in Kenya. The project aims to upgrade Kenya’s transmission infrastructure to ensure reliable power supply and overcome persistent power outages. The deal is estimated to cost around $736 million and will be funded through debt and equity, with the government of Kenya not incurring any financial expenditure. AESL will manage the transmission lines for 30 years, ensuring sustainable and efficient operations, and then transfer the project and assets to Ketraco. The project involves developing three transmission lines and two substations. This partnership is expected to support the government’s development goals and ensure a secure energy supply for Kenya. The deal marks a significant collaboration between an Indian company and a Kenyan project, demonstrating the potential for international investment in Africa’s energy sector.

Source: https://www.business-standard.com/companies/news/adani-energy-signs-pact-to-operate-electricity-transmission-lines-in-kenya-124101100953_1.html