As the discussion as to whether Adani Group should be allowed to invest in major entities within the country continues, a court in Nairobi has halted the implementation of any of the deals agreed between Kenya Electricity Transmission Company Limited (KETRACO) and the Adani Group.
“Pending the inter parties hearing and determination of the Application dated 23/10/2024 a conservatory order be and is hereby issued suspending the implementation of any project agreed”, the order by Judge Nahati Mwamuye partly read. “That any project between the respondents jointly and any if its related companies and entities with regard to development of transmission lines, substations, or any other electrical power infrastructure ” the order continued.
Adani had entered into a Ksh96 billion deal with KETRACO that would see the Indian conglomerate operate four electricity transmission lines and two substations in Kenya for 30 years before handing them back to Kenya.
While signing the deal, Energy CS Opiyo Wandayi said that the government will not incur any financial expenditure for the project adding that it will benefit from world-class energy infrastructure ensuring value for money and that Ketraco conducted comprehensive due diligence on Adani Energy Solutions as the project proponent before signing the agreement.
He added that the collaboration with Adani Energy Solutions ensures long-term management and maintenance of these vital infrastructure assets, securing the future of Kenya’s energy supply.
“The government remains committed to supporting the timely and successful implementation of transformative development projects such as this… We believe this initiative will not only bolster our energy infrastructure but also contribute to the economic and social transformation of the country,” he said.
Read Also: Ketraco Signs A 30-Year Ksh 95.7 Billion Deal With Adani Group