Nairobi, Thursday 15th July, 2021: 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 is equivalent to 3,167acres of forest cover have been distributed over the last seven years, further enhancing the sustainability of the country’s ecosystems. The move has also supported the Government’s efforts to attain at least 10% forest cover by 2022.
Mrs. Miano made the revelation during a panel discussion following the launch of Standard Chartered Bank’s Carbon Dated Report this morning. The report examines the impact of multi-national companies’ net zero plans on their supply chain.
In her submission during the panel discussion, Mrs. Miano emphasized the need for coordinated action across all sectors of the economy in transitioning to a net-zero emissions economy.
“Transitioning to a net-zero emissions economy requires coordinated action across all sectors of the economy supported by enabling policy frameworks. This is where suppliers are required by clients to take action with respect to establishment of targets aimed at transitioning to net-zero emissions in tandem with their clients’ commitments,” she stated.
She called upon corporate organizations to take up their global responsibility by establishing programs aimed at transitioning to net-zero.
Other panellists were Mr. Kariuki Ngari, CEO Standard Chartered Bank Kenya and Mr. Peter Odhengo, Director, Climate Finance Unit at National Treasury.
The KenGen MD indicated that Kenya had submitted her updated Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2020 making a commitment to abate greenhouse gas emissions by 32% by the year 2030.
Mrs. Miano further stated that whereas the timeframe for the implementation of the Nationally Determined Contributions (NDC) extends to the year 2030 with milestone targets pegged around the year 2025, KenGen, besides distribution of tree seedlings has embarked on priority mitigation activities with a focus on increasing the share of grid scale renewable energy.
Note to Editor:
About KenGen
Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in Eastern Africa region with an installed capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and competitively-priced electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.
Today, KenGen PLC has an installed generation capacity of 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).
For media queries please contact:
Frank D. Ochieng, Tel:0721816896
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Nairobi, Monday, July 5, 2021: 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.
This follows the issuance of additional 309,495 Certified Emission Reductions (CERs) for the organization’s Olkaria II CDM Project by the United Nations Framework Convention on Climate Change (UNFCCC), bringing the total amount of issued carbon credits to 550,981.
Speaking on the issuance of the CERs, KenGen Managing Director and CEO, Mrs. Rebecca Miano said climate change has become one of the biggest global environmental challenges and has created an urgent need for mitigating against its effects.
“KenGen has a dedicated team to spearhead environmental sustainability and contribute to the reduction of the effects of climate change. 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,” she said.
These projects, she added, contribute to off-setting on an annual basis 1.5 million tonnes of Carbon Dioxide (C02) equivalent annually. Out of this, 550,981 Tonnes of CO2e has already been issued by the UNFCCC and are now available for sale. The sale process has been initiated as guided by the applicable disposal laws and regulations for the public sector organizations.
The CDM projects contribute to national sustainable development by providing clean energy which ensures improved environmental quality, positive health impacts and increased productivity. CDM was developed as part of the output of a global concern to contribute to climate change mitigation and to foster sustainable development for non-industrialized countries.
KenGen has been focusing on the production of green energy and currently more than 86 percent of the energy produced by the company is from clean sources namely wind, hydro and geothermal.
As a way of enhancing its portfolio of climate change mitigation projects, the company intends to incorporate additional geothermal, wind and solar projects which will reduce between 100,000 to 600,000 carbon emissions every year, in the process reducing the impact of climate change on the environment.
KenGen which is listed on the Nairobi Securities Exchange (NSE) will now earn about Ksh.119 million from the 550,981 carbon credits issued so far.
Note to Editor:
About KenGen
Kenya Electricity Generating Company PLC - KenGen is the leading electricity generation company in Eastern Africa with an installed capacity market share of more than 60%. The company’s primary business is to provide safe, reliable, and affordable electric energy for the country in an environmentally friendly and sustainable manner while creating value for its stakeholders.
Today, KenGen PLC has an installed generation capacity of 1,818MW, of which over 86% is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind (26MW).
For media queries please contact:
Frank D. Ochieng, Tel:0721816896
This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
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