On Thursday, Kenyan President William Ruto announced his decision to end the procurement process for expanding the country’s major airport. Both the government and Adani Group were considering the procedure.
For the purpose of constructing electricity transmission lines, the energy ministry had signed a contract worth more than 700 million dollars with a subsidiary of the Adani Group. Ruto said that he had also instructed the cancellation of this contract.
During his state of the nation address, President William Ruto stated, “I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement.”
He attributed this decision to “new information provided by investigative agencies and partner nations.”
United States authorities accused Adani of collaborating with executives of a previously listed firm on the New York Stock Exchange to create a plan to bribe Indian officials and enhance their solar energy business. Experts estimated the conspiracy’s worth at $265 million.
Adani Group has said that the claims are “baseless,” while authorities from the Indian government have not yet provided a statement on the matter.
During the month of October, Adani Energy Solutions inked a public-private partnership agreement with the Kenya Electrical Transmission Company that was worth $736 million over a period of thirty years. A court issued a suspension of the contract during the same month.
