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Adani Group is expanding its power sector footprint globally, with a potential $1.3 billion deal for power lines in Kenya.
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The company has existing power projects in Bangladesh, Sri Lanka, and Australia, including renewable energy ventures.
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Adani’s international deals are under scrutiny, with Bangladesh reviewing its power purchase agreement and Sri Lanka’s Supreme Court hearing concerns over environmental impact.
The Adani Group is making significant strides in the global power sector. The company is currently in talks with Kenya Electricity Transmission Co. for a $1.3 billion deal to construct 388 km of high-voltage transmission lines. This move follows Adani’s existing power purchase agreement with Bangladesh and renewable energy projects in Sri Lanka and Australia.
In Bangladesh, Adani Power supplies 1,496 MW of power via a dedicated transmission system. However, the interim government is reviewing the deal due to concerns over “excessive” pricing of coal. Despite this, a former power ministry bureaucrat believes cancelling the agreement would harm investor sentiment and exacerbate power outages in the country.
Adani’s renewable energy ventures include a wind power project in Sri Lanka and solar projects in Australia. The company aims to develop 1,500 MW of renewable energy in Australia within five years. However, the Sri Lankan project faces legal scrutiny over environmental concerns and transparency issues.
Adani Group’s global expansion underscores its commitment to increasing its presence in the power sector. As the company navigates international partnerships and regulatory challenges, its focus on renewable energy highlights the growing importance of sustainable power solutions worldwide.
