Kenya risks contract breach cost after cancellation of Adani deals

William Ruto

President William Ruto delivers the State of the Nation address at Parliament Buildings in Nairobi on November 21, 2024. 

Photo credit: Dennis Onsongo | Nation Media Group

President William Ruto took the bold decision to order the cancellation of two multibillion-shilling deals involving the controversial Adani Group, even as focus shifted to the cost of revoking one of the contracts that had already been sealed.

Adani Energy Solutions had in October signed a Sh96 billion deal with Kenya Electricity Transmission Company (Ketraco) to build and operate four transmission lines and two substations for 30 years.

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