KenGen seeks advisory for sale of certified emission reductions. Image credit: 123rf. Kenya Electricity Generating Company (KenGen) has participated in reduction of emissions from the atmosphere through the Clean Development Mechanism (CDM) under Kyoto Protocol.
KenGen has six registered CDM projects under the mechanism with potential emission reduction of 1.5 million tCO2e annually. The projects are;
i. Optimisation of Kiambere Hydro Power Project
ii. Redevelopment of Tana Hydro Power Station Project
iii. 5.1MW Grid Connected Wind Electricity Generation at Ngong Hills, Kenya
iv. Olkaria II Geothermal Expansion Project
v. Olkaria IV Geothermal Project
vi. Olkaria I Units 4&5 Geothermal Project
KenGen intends to engage a transaction advisor for the sale of certified emission reductions (CERs) from the CDM projects comprising of hydropower, wind and geothermal sources that have been implemented and verified in accordance with the United Nations Framework Convention on Climate Change (UNFCCC) guidelines.
The deadline for submissions is 29 September 2020 at 10h00 East African time.
The objective of this Expression of Interest is to contract a transaction advisor with extensive experience in the trade of certified emissions reductions (CERs), verified emissions reductions (VERs) and/or voluntary carbon units (VCUs) with the purpose of undertaking market sounding and advising KenGen on the best sale strategy, marketing techniques, appropriate sale duration, the most viable quantities of sale and map out potential markets internationally. Read more about: Tenders Emissions reduction advisory: scope of work The scope of consultancy shall cover provision of advisory services on sale of KenGen’s issued CERs arising from its wind, hydropower and geothermal CDM projects. It shall include, but not limited to the following tasks: > Undertaking market sounding for sale of KenGen’s CDM issued CERs from its six registered projects; Determination of the best marketing and sale strategy; Establishing guidelines/ terms of sale of the CERs; Mapping out potential markets internationally and advising on the best option to enable KenGen to pursue in sale of its CDM issued CERs. The firms prequalified to offer advisory services will be invited to respond to a detailed request for proposal outlining the expected consultancy and sale process for the available CERs. Eligibility criteria The Expression of Interest must be accompanied by the consultant’s qualifications, professional capabilities and details of past experience in the area of commercial carbon transactions.Such information shall include brochures, description of similar assignments, provision of completion certificates and/or referrals, experience in similar assignments and availability of appropriate skills among staff with their […]