22.8 C
Bathinda
Wednesday, September 18, 2024
HomeBusinessAdani, African Development Bank get $1.3 billion sops for Kenya project -...

Adani, African Development Bank get $1.3 billion sops for Kenya project – Times of India

Adani, African Development Bank get .3 billion sops for Kenya project – Times of India
The Kenya Electricity Transmission 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.
“Govt 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.”
Many Kenyans have been angered about a separate proposal to grant another unit of the Adani Group a 30-year concession to run the nation’s largest airport. Aviation workers held a one-day stoppage last week to protest those plans.





Source link

Content Protection by DMCA.com
RELATED ARTICLES

Leave a reply

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments