KETRACO-Adani Deal Signed. ADANI takes over KETRACO for 30 years.
Kenya has inked a Public Private Partnerships (PPP) deal with Indian firm Adani Holdings Limited to develop Electricity Transmission infrastructure.
In a statement on Friday, October 11, Energy Cabinet Secretary Opiyo Wandayi announced that the Kenya Electricity Transmission Company Limited (KETRACO) and Adani’s subsidiary-Adani Energy Solutions Limited have signed a Ksh95.68 billion Project Agreement.
According to the CS, Adani Energy Solutions will manage the Kenyan transmission line for 30 years, to ensure long-term sustainability and efficiency, and thereafter transfer the project and all its assets to KETRACO.
“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 (the Project Company) on Wednesday 9th October 2024,” CS Opiyo Wandayi said.
“The signing of this agreement marks the conclusion of a long-negotiated process that has been ongoing for the past 4 months.” the Energy Ministry adds.
Adani Energy Solutions will raise all the funding in the form of debt and equity that will be repaid over the 30- year period of the project agreement, as part of this infrastructure development.
TRANSMISSION LINES ADANI WILL DEVELOP.
220kV Rongai-Keringet-Chemosit Line: Covering 99.98 km, this line will include substations at Rongai, Keringet, and Chemosit.
132kV Menengai-Ol Kalou-Rumuruti Line: An 89.88 km line with substations at Menengai, Ol Kalou, and Rumuruti.
400/220kV Substation at Lessos: Critical for supporting the 400KV transmission network and enhancing regional power stability.
132/33kV Substation at Thurdibuoro: Expanding the local distribution grid, providing much-needed power to Central and Southern Nyanza regions.
400kV (Double-Circuit) Gilgil-Thika-Malaa-Konza Line: Spanning 208.73 km, this line will incude new substations at Gilgil, Thika, and Malaa, as well as substantial extensions at Konza.
CS Opiyo Wandayi has also revealed that KETRACO is in engagement with a consortium of Africa 50 and Power Grid of India on the following projects:
Lessos-Loosuk 400Kv line and associated substations.
Kibos-Kakamega-Musaga 220kv line and associated substations.
Other Public Private Partnerships (PPP) Projects that are also lined up include:
Kisumu Bonda-Rangala Busia-Nyaga 132kV line and associated substations.
Kitale-Tongaren-Webuye-Musaga 132kV line and associated substations.
Githambo-Othaya-Kiganjo 132kV line and associated substations.
Meru-Maua 132kV line and associated substations.
The government has maintained that the Adani project is aligned with its objective of expanding access to electricity across the country, minimize transmission losses and address blackouts.
India's Adani Group, has also expressed interest in Kenya's Jomo Kenyatta International Airport, in an infrastructural development PPP deal that has been met with widespread objection.
The Firm, seeks to lease the Kenyan Airport located in the capital, for a period of 30 years.
