Court freezes Sh96bn Ketraco-Adani electricity transmissions lines deal

Indian billionaire Gautam Adani speaks during an interview at his office in the western Indian city of Ahmedabad on April 2, 2014. 

Photo credit: Reuters

The High Court has blocked the government from signing a Sh95.68 billion deal for the construction of electricity transmission lines to Adani Energy Solutions Limited, a subsidiary of the Indian conglomerate Adani Group.

The Law Society of Kenya (LSK) obtained the order accusing the government of signing the privately initiated project agreement with Adani Energy Solutions to build and operate major transmission lines and substations at a cost of Sh96.68 billion for a lease period of 30 years.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.