By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Attorneys want access to details on the Adani and Ketraco agreement.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > Attorneys want access to details on the Adani and Ketraco agreement.
Business

Attorneys want access to details on the Adani and Ketraco agreement.

Ivy Irungu
Last updated: September 12, 2024 6:16 am
Ivy Irungu 8 months ago
Share
SHARE

Lawyers are now requesting access to information concerning agreements between the Indian firm Adani Energy Solutions, a subsidiary of Adani Group, and the Kenya Electricity Transmission Company Limited (Ketraco).

In a letter obtained by Business Hub, OC Law Advocates LLP has formally addressed Ketraco’s Managing Director, seeking to exercise their right to access information regarding the agreements between the two parties.

“Our firm has learned that your organization plans to execute various agreements with Adani Energy Solutions (formerly Adani Transmission Limited) for several Public Private Partnerships in Kenya,” the letter stated.

The lawyers are requesting details on the project agreements between the companies, the financial capacity of the tendering company, and the tendering process undertaken. They also seek access to the legal, regulatory, social, economic, and commercial viability appraisals, public participation records, approval from the Attorney General, and any undertakings, letters of support, or risk guarantees issued by the ministry within Ketraco’s knowledge.

This request follows Adani Energy Solutions receiving approval for a multi-million-dollar energy transmission project in Kenya under the private-public partnership framework. The approval comes amid intense public debate over another deal involving the Adani Group, despite its controversial global reputation.

READ MORE  Moody's downgrades Kenya's credit rating

The approval was granted after the private-public partnership committee conducted what it described as a ‘thorough evaluation and financial risk assessment,’ along with ‘extensive negotiations’ between the two companies.

The lawyers have given Ketraco 14 days to provide the requested information, warning that failure to comply will lead them to exercise their rights in accordance with the law.

You Might Also Like

Isuzu East Africa pays record Sh1 billion dividend

Kenya Eurobond Yields Fall As Investor Jitters Recede

Kenya spends record Sh107bn on repayment of China loans

Interest in new loans is reduced by risk-based lending rates. CBK

Private Hospitals Withdraw Services For NHIF Cardholders

Share This Article
Facebook Twitter Email Print
Previous Article State expresses worry about wanton sacco mishandling
Next Article Eldoret Mediheal Hospital is broken into by thugs who take equipment.
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Emotions run high as leaders pay tribute to the late Charles Were
  • “Life Is Short, We Must Enjoy It” – Drunk Kenyan woman tells husband after staggering home at night in viral video
  • Vatican sets May 18 for Inauguration of Pope Leo XIV
  • Clout-chasing? MULAMWAH and RUTH K spotted together in Eldoret days after announcing break up (PHOTOs)
  • Marital Woes!! Nairobi woman returns from work to find husband gone with household items (VIDEO)

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?