Nairobi, Jan. 8 -- The cancellation of Adani Energy Solutions Ltd's (AESL) power transmission lines project left a Sh32.3 billion hole in the Treasury's projections for public-private partnership (PPP) fund inflows, undermining government plans to finance infrastructure without adding to public debt.

Data from the Treasury shows that PPP fund mobilisation in the 2024/25 financial year amounted to Sh17.7 billion, falling short of the Sh50 billion target set at the start of the year.

The shortfall of Sh32.3 billion has been attributed to termination of Adani's AESL project, which had been expected to anchor PPP inflows for the year to June 2025.

"The target [for 2024/25] not achieved. Shortfall was as a result of termination of Adani Ene...