Treasury okays Sh158bn Adani, Africa50 power deals

The National Treasury in Nairobi County on Tuesday, June 11, 2024. 

Photo credit: DENNIS ONSONGO| NATION MEDIA GROUP

India’s Adani Energy Solutions and Africa50 are set to construct power transmission lines and substations under a Public Private Partnership (PPP) deal valued at a combined $1.22billion (Sh158.24 billion), the National Treasury has revealed.

The Treasury disclosed that it had approved the deals with the two firms and is currently negotiating terms of the projects meant to help bolster the country’s shaky and aging electricity transmission network.

PAYE Tax Calculator

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