Adani Energy Solutions entered into a Sh95 billion ($736 million) Public-Private Partnership (PPP) deal with Kenya, aiming to develop and maintain key electricity transmission lines and substations across the country.
This infrastructure project includes a 400 kV transmission line from Gilgil to Thika to Konza spanning 208.73 km, a 220 kV line from Rongai to Keringet to Chemosit extending 99.98 km, and a 132 kV line between Menengai and Rumuruti that also features a substation. Additionally, a new 132/33 kV substation will be established in Kisumu.
The deal is structured with a 70:30 debt-equity ratio, where Adani Energy Solutions will pay a success fee of Sh1 billion to the Kenyan government.
The project timeline stipulates a completion period of 24 months, after which Ketraco may impose penalties or terminate the agreement if the deadline is not met.
However, this partnership has not been without controversy. Concerns have been raised by figures like Kisii Senator Richard Onyonka, who has voiced worries about transparency, the exploitation of Kenyan taxpayers, and the potential rise in electricity bills.