KenGen adds revenue selling carbon credits from geothermal plants

KenGen adds revenue selling carbon credits from geothermal plants

Olkaria II geothermal power plant (source: UNU) Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change, as reported by the company earlier this month. This follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the […]

Global Geothermal Power Generation Market Will Develop New Growth Opportunities By 2027 – Learn More About Leading Key Players

Global Geothermal Power Generation Market Will Develop New Growth Opportunities By 2027 – Learn More About Leading Key Players

The latest industry report focuses on Geothermal Power Generation Market and gives a professional and in-depth global Geothermal Power Generation market analysis and future prospects of the Geothermal Power Generation market 2021. The analysis report begins with the audit of the business condition and characterizes industry chain structure, then highlighted the industry size and forecast […]

Treasury warning as 18 state corporations face Kshs. 382B liquidity gap

Treasury warning as 18 state corporations face Kshs. 382B liquidity gap

The National Treasury will embark on budget cuts and restructuring of eighteen state corporations to evert fiscal risks they pose on the economy. According to an the in-depth financial evaluation and fiscal risk analysis conducted by Treasury and the International Monetary Fund (IMF) the 18 State Owned Enterprises (SEOs) out of 260 are projected to […]

The World’s No. 1 in Geothermal Electricity, Kenya Aims to Export Its Know-How

The World’s No. 1 in Geothermal Electricity, Kenya Aims to Export Its Know-How

A steam well at the Olkaria power plant in Hell’s Gate National Park. Photographer: Patrick Meinhardt/Bloomberg When Kenya opened the Olkaria power plant four decades ago, it was considered more research project than commercial venture. Located in Hell’s Gate National Park, a barren zone of volcanic rock permeated by sulfurous gases and populated mostly by […]

Kenya utility joins global emissions project, plans carbon trade

Kenya Electricity Generating Co, Africa’s largest geothermal producer, joined a United Nations-backed emissions-reduction programme as it looks to begin a domestic carbon market. KenGen, as the State-run company is known, announced its participation in the Business Ambition for 1.5 °C programme on Wednesday. Under the project, the company commits to emission-reduction targets through investments in […]

KenGen distributes 1.9m tree seedlings to reduce carbon emissions

KenGen distributes 1.9m tree seedlings to reduce carbon emissions

• The report examines the impact of multi-national companies’ net-zero plans on their supply chain. • In her submission during the panel discussion, Miano emphasized the need for coordinated action across all sectors of the economy in transitioning to a net-zero emissions economy. KenGen employees participating in tree planting under the company’s Green Initiative Challenge […]

KenGen distributes tree seedlings in efforts to reduce carbon emissions

KenGen distributes tree seedlings in efforts to reduce carbon emissions

Kenya Electricity Generating Company PLC (KenGen) has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions. KenGen’s Managing Director and CEO, Mrs. Rebecca Miano said the tree seedlings, which are equivalent to 3,167 acres of forest cover, have been distributed over the last seven […]

Firms to snub Kenya for not reducing emissions

Firms to snub Kenya for not reducing emissions

Director Climate Finance Unit at the National Treasury Peter Odhengo, Standard Chartered Bank Kenya Chief Executive Kariuki Ngari and his KenGen counterpart Rebecca Miano at the launch of the Carbon dated Report in Nairobi yesterday. [Edward Kiplimo,Standard] Kenya is among nations that risk being struck off from the list of suppliers of multinational corporations as […]