KenGen, a state-owned electricity generating company, is seeking consultants to advise on the sale of certified carbon emissions-reduction units from its hydropower, wind, and geothermal projects.
This is an EOI (Expression of Interest) that is used to pre-qualify suitable candidates. Thereafter, an RFP ( Request for Proposals) will be forwarded to all qualified shortlisted firms.
KenGen has an installed capacity of 1803 Megawatts (MW) made up of hydropower, geothermal, thermal and wind. It receives credits for investing in renewable energy that displaces dirtier sources such as diesel in the national grid. The firm then sells these credits.
The firm has participated in the reduction of emissions from the atmosphere through the Clean Development Mechanism (CDM) under the Kyoto Protocol.
It has six registered CDM projects under the mechanism with a potential emission reduction of 1.5 million tCO2e annually.
These projects are Kiambere Hydro Power, Tana Hydro Power, 5.1MW Grid Connected Wind Electricity Generation at Ngong Hills, Olkaria II Geothermal, Olkaria IV and Olkaria I Units 4&5 Geothermal Projects.
The firm is thus seeking for the best sale strategy, marketing techniques, appropriate sale duration, most viable quantities of sale and how to map out potential international markets for its carbon credits.
It intends to sell Certified Emission Reductions (CERs) from the CDM Projects comprising of hydro, 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 by firms to be pre-qualified in the EOI, which was on 15th September, 2020, has been extended to 29th September, 2020
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).
Listed KenGen is 70% owned by the Government and generates about 80% of the electricity used in Kenya.