Adani Energy Solutions says no material impact from Kenya energy deal cancellation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 23 2024
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Source: Reuters
Kenya's Project Cancellation: Adani Energy Solutions stated that Kenya's cancellation of a $736 million transmission line project does not require regulatory disclosure as it falls within normal business operations, and they claim no material impact on their operations.
Airport Management Deal: The company clarified that it was not involved in the canceled procurement process for managing Kenya's main airport, despite previous plans to upgrade the facility under a nearly $2 billion deal.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
