Gautam Adani and Kenyan President William Ruto
Industrialist Gautam Adani’s problems seem to be increasing once again. After fighting and recovering from allegations in the report by American short-selling firm Hindenburg Research for almost two years, a case has now been registered against his company in the United States. After this, it took a big hit and Kenyan President William Ruto canceled a big deal with Adani Group.
Adani Group had submitted a proposal to the Kenyan government to take over the operation of Kenya’s main airport. Kenyan President William Ruto canceled it on November 21. In addition, he has also given instructions to cancel a large energy deal.
Power deal worth Rs 6,215 crore
Adani Group was also going to make a big deal with Kenya’s Ministry of Energy, but now the possibility of its cancellation has risen. Adani Group was to build power transmission lines in Kenya in a deal worth $736 million (around Rs 6,215 crore), which it has now been instructed to cancel.
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According to Reuters news, President William Ruto has said: “I have instructed agencies working under the Ministry of Transport and the Ministry of Energy and Petroleum to immediately cancel any type of procurement.” In his speech to the nation, he said that the government has made this decision in light of new information revealed by allied countries and investigative organizations.
Adani Group company Adani Energy Solutions signed a public-private agreement with Kenya Electrical Transmission Company in October this year. This agreement was signed for 30 years.
This news is being updated.
