Grapevine

Adani, KETRACO sign Sh95.7 billion energy deal

Energy Cabinet Secretary Opiyo Wandayi. [File, Standard]

The Kenya Electricity Transmission Company Limited (KETRACO) and Adani Energy Solutions Limited have signed a Sh95.7 billion agreement to operate and maintain transmission lines and substations for 30 years, aiming to address persistent power blackouts across Kenya.

Energy Cabinet Secretary Opiyo Wandayi announcing the deal on Friday, October 11, stated, “I am pleased to confirm the successful signing of the project agreement between KETRACO and Adani Energy Solution Limited on October 9."

"This agreement initiates a transformative effort to develop, finance, construct, operate, and maintain essential transmission lines and substations across Kenya.”

Wandayi noted that Adani would finance the project through a combination of debt and equity, which would be repaid over the 30-year period.