Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Sun, Dec 01st 2024 ]: Bill Williamson
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Arror, Kimarwer dams back in Adani-type deal

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The listing of the dams under PPP projects signals that Kenya is losing interest in funding the multi-billion shilling projects using loans amid concerns about the commercial viability of the dams.
The Kenyan government has revived plans to construct the Arror and Kimwarer dams, previously stalled due to corruption allegations, through a new deal with a consortium led by the Italian firm CMC di Ravenna and South Korea's Daewoo Engineering and Construction. This partnership, reminiscent of the Adani Group's recent deal with the government, aims to address the country's water and energy needs. The project, which was initially part of a scandal involving billions of shillings, has been restructured to ensure transparency and efficiency. The dams are expected to generate 60 megawatts of electricity and irrigate 15,000 acres of land, significantly boosting agricultural productivity and power supply in the region. The government is now focusing on securing funding and ensuring that the project adheres to international standards to avoid past pitfalls.

Read the Full Business Daily Africa Article at:
[ https://www.businessdailyafrica.com/bd/corporate/companies/arror-kimarwer-dams-back-in-adani-type-deal-4842780 ]


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