- KenGen has increased its available CERs to over 500,000.
- CERs are equivalent to one tonne of CO2.
- The new CERS are from the company’s 105MW Olkaria II geothermal power station.
Kenya’s largest utility, Kenya Electricity Generating Company (KenGen), says that its certified emission reduction credits (CERs) available for sale has more than doubled to over 550,000. KenGen says it has an additional 309,495 CERs certified under United Nations guidelines on climate change.
Developing countries earn certified emission reduction (CER) credits from Clean Development Mechanism projects. Each CER is equivalent to one tonne of CO2. These CERs can be traded and sold and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.
The company has six Clean Development Mechanism projects which can generate CERs with the potential to produce 1.5MT of carbon equivalent per year. The company’s latest CERs are from its 105MW Olkaria II geothermal power station.
KenGen has an installed generation capacity of 1,818 MW, of which 86 per cent is renewable, including wind, hydroelectric and geothermal sources.