Adani Group has expressed interest in investing in Tanzania’s power infrastructure just a few days after causing a storm over its proposed investment plans in Kenya.
According to a Thursday report by Bloomberg, Tanzania’s Public Private Partnership Centre revealed that it had received an expression of interest from the Adani Group to construct high-voltage power lines within the country.
Davis Kafulila, the Executive Director of Tanzania’s Public Private Partnership Centre, told the international outlet that the group had submitted to them a proposal worth $900 million (Ksh 116.14 billion) to help modernise its electrical infrastructure.
This latest development marks Adani’s greater interest in investing within the East African region despite public protests.
A photo collage of President William Ruto and his Tanzanian counterpart Samia Suluhu.
Tanzania has already advanced its business dealings with the Indian international group after it awarded it a 30-year concession in May to operate the main container terminal at the port of Dar es Salaam.
Adani Group’s model of investment caused uproar in Kenya after reports emerged of how it engaged the government of Kenya in a highly secretive deal to take over the management of Kenya’s busiest airport.
The investment proposal to the Kenyan authorities was, however, halted after Members of Parliament on September 24 this year directed the management of Kenya Airports Authority to stop further engagements with the group over the secrecy of their business deal.
The chairperson of the Parliament Committee on Transport David Pkosing, who is also Pokot South MP, directed KAA to hold on the deal until his committee completes its investigations set to be completed in this month.
“It is the advice of this committee that because we are going to order a special audit, that you don’t do anything with Adani until this committee presents a report to parliament. If you do it it’s up to you,” he stated.
The development came even after the Senate and the National Assembly convened engagements with key stakeholders perceived to be privy to the deal between Adani and the government.
Adani is also in talks with the government of Kenya over a proposed electricity transmission concession to construct high-voltage power lines valued at $736 million(Ksh KSh 94.9 billion).
All these come at a time when the Adani Group is facing allegations over a scrutiny for money laundering in Switzerland, an allegation that it has denied in a bid to keep itself clean.
Suswa Substation, a hub for power into the national grid.
Photo
KETRACO
