National Treasury Cabinet Secretary John Mbadi /FILEThe cancellation of the multi-billion Adani tender will not come with any cost to taxpayers, National Treasury Cabinet Secretary John Mbadi has said. This has been enabled by Privately Initiated Partnership procurement arrangement the country was using to engage Adani. “The beauty with PPI is that it can be stopped at whatever stage before the negotiation is concluded, we were still at the procurement process,” Mbadi said. Law Society of Kenya demanded that the government makes public all costs and losses the country will incur as a result of the cancellation. Adani Energy Solutions, a subsidiary registered in Kenya, had also signed another Sh95 billion with Ketraco to build electricity transmission lines.

Source: The Star November 23, 2024 06:00 UTC