Adani Group Clarifies on Kenyan Project Cancellations Amid Allegations

25 Nov 2024 CW Team

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.

Building Material

15 Oct 2025

Centre Plans Easier Green Clearances for New Airports

The central government is preparing to streamline environmental clearance procedures for airport projects to accelerate infrastructure development across the country. According to officials, the Ministry of Civil Aviation (MoCA) is working with the Ministry of Environment, Forest and Climate Change (MoEFCC) to establish a single-window mechanism for faster approval of greenfield and brownfield airports. The proposal seeks to reduce the time required for obtaining environmental clearance by simplifying inter-ministerial coordination and standardising assessment parameters. The move is part of ..

Beer Makers Urge Import Relaxation Amid Aluminium Can Shortage

India’s domestic beer manufacturers have urged the government to relax import rules and cut duties on aluminium cans as the industry faces a severe shortage of packaging material. The shortage, driven by rising demand and limited local supply, has disrupted production schedules for several breweries. Industry representatives have written to the Ministry of Commerce and the Ministry of Finance, seeking temporary relief through faster import approvals and reduced customs duties. They warn that the situation could impact the availability of beer across key markets during the festive season. A..

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..