+
Adani Group Clarifies on Kenyan Project Cancellations Amid Allegations
POWER & RENEWABLE ENERGY

Adani Group Clarifies on Kenyan Project Cancellations Amid Allegations

Adani Energy Solutions Ltd. has clarified that Kenya’s cancellation of a $736 million transmission line project does not necessitate regulatory disclosure under Indian stock exchange rules. The company stated this was within its "ordinary course of business" and had no material impact on operations.

This clarification followed a Reuters report that Kenyan President William Ruto had ordered the termination of the 30-year public-private partnership agreement.

Meanwhile, Kenya also scrapped a separate procurement process concerning the management and upgrade of Nairobi's Jomo Kenyatta International Airport. The airport project, valued at approximately $2 billion, included plans for a second runway and terminal enhancements. Adani Energy Solutions denied involvement, stating, “Neither the Company nor its subsidiaries have any contract related to Kenya’s airport.”

Adding to the controversy, U.S. authorities indicted Adani Group founder Gautam Adani and seven others, alleging $265 million in bribes to Indian officials. The group has denied the allegations.

Adani Energy Solutions Ltd. has clarified that Kenya’s cancellation of a $736 million transmission line project does not necessitate regulatory disclosure under Indian stock exchange rules. The company stated this was within its ordinary course of business and had no material impact on operations. This clarification followed a Reuters report that Kenyan President William Ruto had ordered the termination of the 30-year public-private partnership agreement. Meanwhile, Kenya also scrapped a separate procurement process concerning the management and upgrade of Nairobi's Jomo Kenyatta International Airport. The airport project, valued at approximately $2 billion, included plans for a second runway and terminal enhancements. Adani Energy Solutions denied involvement, stating, “Neither the Company nor its subsidiaries have any contract related to Kenya’s airport.” Adding to the controversy, U.S. authorities indicted Adani Group founder Gautam Adani and seven others, alleging $265 million in bribes to Indian officials. The group has denied the allegations.

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code