India’s Adani Group will seek Sh634.7 billion ($4.92 billion) from Kenyans over the next 30 years for building high-voltage power transmission lines, setting the stage for an increase in electricity prices.
The conglomerate, through its subsidiary Adani Energy Solutions Limited, and a unit of the African Development Bank have been awarded a public-private partnership concession to build the power transmission lines for $1.3 billion (Sh167.7 billion).
