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The Adani Group Proposes To Invest $900 Million in Tanzanian Power Lines

A high-voltage power line project worth $900 million is being discussed between Tanzania and the Adani Group, an east African official has revealed.

According to David Kafulila, executive director of Tanzania's Public-Private Partnership Center, Adani Group has conveyed its interest to the East African government. Tanzania is also in talks with UK Company Gridworks Development Partners LLP for a $300 million power-lines project under the public-private partnership.
 
With investments in Tanzania and Kenya, the company of Indian billionaire Gautam Adani is extending its reach throughout East Africa. In May, Tanzania granted it a 30-year concession to run the port of Dar es Salaam's major container terminal.
 
Adani is negotiating a concession to build high-voltage power lines in Kenya worth $736 million with the country's electrical transmission utility. The group's plan to manage Nairobi, the country's capital,'s principal airport has prompted demonstrations, Senate hearings, and legal action.
Source : www.blacknz.com
Posted On: 10/9/2024 12:00:00 AM

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