The High Court has on Friday 25th October, 2024, suspended the Ksh 95 billion deal between the Kenya Electricity Transmission Company Limited (KETRACO) and Adani Energy Solutions Limited.
Justice Bahati Mwamuye issued conservatory orders, halting the implementation of the agreement.
The court cited concerns over secrecy, public participation, and constitutional compliance
The Kenya Electricity Transmission Company Limited (KETRACO) signed a Ksh 95.68 billion deal with Adani Energy Solutions Limited on October 11, 2024.
“I am pleased to announce the successful signing of the Project Agreement between the Kenya Electricity Transmission Company Limited (KETRACO) and Adani Energy Solutions Limited today (the Project Company),” Energy and Petroleum Cabinet Secretary, Opiyo Wandayi said, during the signing in of the Deal with the Adani Energy Solutions on October 11th, 2024.
According to Wandayi, “The Public-Private Partnership (PPP), marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya.”
The project includes several high-voltage transmission lines and substations, such as the Gilgil-Thika-Malaa-Konza 400kV Double-Circuit Line and the Rongai-Keringet-Chemosit 220kV Line.
Adani Energy Solutions was set to manage the infrastructure for 30 years before transferring it back to KETRACO with the goal modernizing Kenya’s power infrastructure and support the country’s growing economy.
“We believe this initiative will not only bolster our energy infrastructure but also contribute to the economic and social transformation of the country.” He Added.
This in tern was seconded by President William Ruto who said that the deal between the Adani Group and the Kenya Electricity Transmission Company (KETRACO) would ease the tax burden on Kenyans and reduce dependence on loans. Ruto highlighted that the Adani Group is investing its own funds, which means the government doesn’t need to borrow money, thus avoiding additional debt.
However the High Court has suspended the implementation of the agreement due to concerns over secrecy, public participation, and constitutional compliance
