Kenya has awarded a public-private partnership concession to build power transmission lines to Indias Adani Group and a unit of the African Development Bank, according to an economic advisor to the countrys president.
The concession is worth $1.3 billion, David Ndii, chief economic adviser to President William Ruto, said in a post on X.
The government through KETRACO has awarded PPP concessions to Adani and Africa50 to build new transmission lines, Ndii wrote. They are hiring their project teams. The cost of these transmission lines is $1.3b that we do not have to borrow.
Africa50 is an infrastructure investment offshoot of the African Development Bank.
Adani Group and the African Development Bank did not immediately respond to a Reuters request for comment outside normal business hours.
