📊 Kenyan President William Ruto cancels proposed deals with Adani Group 📊
📮 Kenyan President William Ruto said on November 21 he had ordered the cancellation of procurement process to expand the country's main airport, in which the government was considering a proposal by Adani Group.
📮 Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines.
📮 "I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement," Ruto said in his state of the nation address, attributing the decision to "new information provided by investigative agencies and partner nations".
📮 Adani Energy Solutions, in October, signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month.
📮 Kenyan President William Ruto said on November 21 he had ordered the cancellation of procurement process to expand the country's main airport, in which the government was considering a proposal by Adani Group.
📮 Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines.
📮 "I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement," Ruto said in his state of the nation address, attributing the decision to "new information provided by investigative agencies and partner nations".
📮 Adani Energy Solutions, in October, signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month.