Ruto orders cancellation of Adani Group’s KETRACO and JKIA deals amid corruption allegations

“We will initiate a process to onboard alternative partners for these critical projects.”

Oliver Khan
2 Min Read
Kenyan president cancels recently signed 30-year Adani deal to build power lines, and ongoing Adani plan to take over country's main international airport due to "new information provided by partner nations" after Indian billionaire was indicted for fraud in in New York.Photo/X

President William Ruto has directed the immediate cancellation of two major deals involving the controversial Indian conglomerate, Adani Group. The move follows mounting public opposition and fresh corruption allegations against the firm.

Adani Group Chair Billionaire Gautam Adani

In a State of the Nation address during a joint parliamentary session on Thursday, Ruto instructed the Ministries of Transport and Energy to terminate the group’s procurement process for the Jomo Kenyatta International Airport (JKIA) upgrade and the recently finalized Kenya Electricity Transmission Company Limited (KETRACO) contract.

The JKIA deal, worth Ksh 30 billion, would have allowed Adani Group to manage Kenya’s busiest airport for 30 years, including constructing a second runway and a new terminal by 2029. The KETRACO agreement, valued at Ksh 95.7 million, granted the group operational control of power transmission lines and substations to address Kenya’s frequent blackouts.

“Based on new information provided by investigative agencies and partner nations, I have directed the Ministries of Transport and Energy to immediately cancel the JKIA expansion procurement process and the recently concluded KETRACO agreement,” said President Ruto. “We will initiate a process to onboard alternative partners for these critical projects.”

Parliament of Kenya

The President’s announcement drew applause and a standing ovation from lawmakers present in the session.

Ruto’s decisive action came just hours after the U.S. government charged Adani Group Chair Gautam Adani with allegedly paying Ksh 30 billion in bribes to the Indian government to secure solar energy contracts.

The cancellation signals Kenya’s commitment to transparency and the fight against corruption in public-private partnerships.

————–

Share This Article
Follow:
Oliver Khan is a skilled Journalist by training and talent. Practising for over 10 years and counting, with a biase for Sports, Politics and Science. I speak little, write a lot.
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *