Kenya cancels power transmission deal with Adani following US bribery charges
Adani Group.
Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines.
This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.
Adani Group denied the allegations as «baseless», while Indian government officials haven't commented so far.
Adani Energy Solutions in October signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month.
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