Thu Sep 19 06:28:31 UTC 2024: ## Adani Group Expands Global Power Footprint Amidst Scrutiny
The Adani Group continues to expand its presence in the global power sector, with negotiations underway for a $1.3 billion deal to construct three high-voltage transmission lines in Kenya. Despite facing scrutiny in other countries, the Indian conglomerate is pursuing a range of projects, including renewable energy developments in Sri Lanka and Australia.
In Kenya, Adani Transmission is in talks with the Kenya Electricity Transmission Company (Ketraco) for the construction of 388 kilometers of transmission lines. While Adani is seeking a 16% equity internal rate of return, Ketraco is aiming for a lower 14%.
This latest venture follows Adani’s power purchase agreement with Bangladesh in 2017, where the company supplies 1,496 MW of power from its Godda power plant. However, the deal has come under scrutiny by Bangladesh authorities, who are reviewing the “excessive” pricing of coal supplied by Adani Power.
Adani’s renewable energy ventures are also facing challenges. In Sri Lanka, the company’s $440 million wind power project is under legal scrutiny due to environmental concerns and transparency issues. Meanwhile, Adani’s solar projects in Australia, totaling 200 MW, are also drawing scrutiny, especially in light of its investment in the Carmichael coal mine in Queensland.
Despite these challenges, the Adani Group continues to pursue its ambitious global expansion plans, highlighting its commitment to the power sector despite growing criticism and scrutiny. The company’s ability to navigate these challenges and secure long-term success will be a key factor in its global trajectory.
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