he Adani Group's global influence in the power sector continues to grow, marked by strategic investments and partnerships in renewable energy and infrastructure development across multiple countries.

The Adani Group is in talks for a $1.3 billion deal to build power transmission lines in Kenya, following previous international power projects like its supply agreement with Bangladesh. In addition to this, Adani is expanding its renewable energy initiatives in Australia and Sri Lanka, but these projects have faced scrutiny due to environmental concerns and transparency issues. Meanwhile, Adani's pricing strategies, particularly in Bangladesh, have been criticized for the high cost of power from its coal-fired plants.

Sep 19, 2024 - 13:13
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he Adani Group's global influence in the power sector continues to grow, marked by strategic investments and partnerships in renewable energy and infrastructure development across multiple countries.

The Adani Group is reportedly in discussions to secure a $1.3 billion deal for the construction of three high-voltage power transmission lines in Kenya. This potential agreement follows a previous power purchase deal with Bangladesh, where Adani Power supplies 1,496 MW of electricity from its Godda power plant in Jharkhand. The Kenyan project, still under negotiation with the Kenya Electricity Transmission Company (KETRACO), involves building over 388 kilometers of transmission lines. Adani is also eyeing a return on equity of 16%, while KETRACO is seeking more favorable terms.

Globally, Adani's power ventures extend beyond Kenya and Bangladesh, with renewable energy projects in Australia and Sri Lanka. In Australia, the company is developing solar power projects with a planned capacity of 1,500 MW, despite facing local opposition over environmental concerns. In Sri Lanka, Adani Green Energy has committed to a $440 million investment in wind power projects, though the deal faces legal challenges over environmental and transparency issues.

Amid these expansions, scrutiny has risen over Adani's pricing strategies, particularly in Bangladesh, where the government recently raised concerns over the high cost of power sourced from Adani's coal-fired plant. Additionally, Adani's green energy initiatives, like wind power in Sri Lanka, have been legally challenged over environmental concerns and transparency in the bidding process.

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