News > Adani firm downplays Kenya scrapping $736 million power deal: No material impact

Adani firm downplays Kenya scrapping $736 million power deal: No material impact

Adani Energy Solutions said that Kenya's cancellation of the $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules. President William Ruto also said on Thursday he had ordered the cancellation of a procurement process of the 30-year public-private partnership deal that had been expected to award control of Kenya's main airport to the Adani Group.