This archive report was first published on 6 July 2021.
Published on July 6, 2021, Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects, earning an estimated KSh 119 million.
The company has developed six CDM projects that contribute to off-setting 1.5 million tonnes of Carbon Dioxide (CO2) equivalent annually. These projects include Olkaria II Geothermal Expansion Project, Redevelopment of Tana Hydro Power Station Project, Optimisation of Kiambere Hydro Power Project, Olkaria IV Geothermal Project, Olkaria I Units 4-5 Geothermal Project, and Ngong Wind.
According to Rebecca Miano, KenGen Managing Director and CEO, climate change has become one of the biggest global environmental challenges, creating an urgent need for mitigating its effects. She added that KenGen has a dedicated team to spearhead environmental sustainability and reduce the effects of climate change.
Rebecca Miano said, 'So far, we have developed and registered six CDM projects comprising of Olkaria II Geothermal Expansion Project, Redevelopment of Tana Hydro Power Station Project, Optimisation of Kiambere Hydro Power Project, Olkaria IV Geothermal Project, Olkaria I Units 4-5 Geothermal Project and Ngong Wind.'
These projects contribute to off-setting 1.5 million tonnes of CO2 equivalent annually, with 550,981 tonnes of CO2e already issued by the UNFCCC and available for sale. The sale process has been initiated as guided by the applicable disposal laws and regulations for the public sector organizations.
KenGen has purposed to produce green energy, with more than 86% of its power coming from wind, hydro, and geothermal sources. The company intends to incorporate additional geothermal, wind, and solar projects to reduce between 100,000 to 600,000 carbon emissions every year, reducing the impact of climate change on the environment.
