Adani Group in talks with Kenyan and Tanzanian governments
India’s Adani Group is expanding its presence in the global market. It has secured the support of the Tanzanian government in building high-voltage transmission lines. The investment in the project will amount to US$900 million.
The African country’s authorities are keen to partner with foreign companies to develop its infrastructure. In addition to Adani, the government is negotiating with the British company Gridworks Development Partners. In this case, the investment in the construction of transmission lines is estimated at US$300 million.
Adani is also considering partnership opportunities in Kenya. Here, the company plans to build high-voltage transmission lines in cooperation with one of the relevant state-owned companies. Adani had previously planned to take over Nairobi airport. However, this proposal sparked protests and was postponed until a consensus could be reached with the local Senate.
Business overview
Gautam Adani founded the Adani Group in 1988. Today, the conglomerate is one of the largest players in India’s financial and industrial sectors and the second-largest company in the country in terms of capital.
Initially, the company specialised in the sale of minerals and plastics. In 1995, Adani took over the management of the port in the city of Mundra. Under its management, the facility began to develop rapidly, and its production area expanded. The port also gained access to the rail network, which increased its customer base.
The next stage of development was thermal power plants, which the company began buying up and upgrading in the late 1990s. In the 2000s, Adani extended its reach into coal mining. As part of this, it obtained a licence to develop coal deposits in Australia.
In 2017, the company ventured into drone manufacturing. To do this, Adani formed a joint venture with Saab. At the same time, it continued to develop other areas. At that time, the energy division included 25 gas distribution infrastructure projects.
Today, the Adani Group structure comprises ten key companies:
1. Adani Enterprises manages the energy division, which includes coal mining, power generation, and solar panels.
2. Ports & SEZ is responsible for managing ports and building transport infrastructure.
3. Total Gas is responsible for supplying gas to households and industries and selling raw materials.
4. Green Energy manages wind and solar power plants.
5. Transmission specialises in the construction and maintenance of power plants and transmission lines.
Adani also owns a telecommunications company, one of the largest in the country. The company operates six airports in major Indian cities.
