Adani Group plans to invest $900 Million in Tanzania power lines

4 Oct 2024 , 12:30 PM

Tanzania is in talks with the Adani Group for a $900 million public-private collaboration to build high-voltage electricity lines, according to an East African official.

The Adani Group has indicated interest in the East African government, according to David Kafulila, executive director of Tanzania’s Public-Private Partnership Centre.

Tanzania is also in talks with UK company Gridworks Development Partners LLP over a $300 million power-line project through a public-private partnership. 

Gautam Adani, an Indian billionaire, is increasing his company’s impact in East Africa by investing in Tanzania and neighbouring Kenya.

In May, Tanzania awarded it a 30-year concession to run the major container terminal at Dar es Salaam’s port.

Adani is in talks with Kenya’s electrical transmission utility about a $736 million concession to build high-voltage power lines.

Protests, Senate hearings, and lawsuits have followed the group’s bid to run the nation’s primary airport in Nairobi, the country’s capital.

In Kenya, Adani is in talks with the country’s electrical transmission firm on a $736 million concession to develop high-voltage power lines.

Tanzania has developed as a new economic centre in East Africa in recent years, and it is quickly becoming a popular destination for international investors. Its strategic location, booming economy, and natural resources provide enormous growth potential.

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