People Daily | by Noel Wandera
Kenya Electricity Generating Company (KenGen) is set to earn about $1,100,960 (Sh118 million) in the next seven years from the Olkaria II Clean Development Mechanism (CDM) Project.
The move follows a decision by United Nations Framework Convention on Climate Change (UNFCCC) to renew the power plant’s expansion of CDM Project.
KenGen chief executive Rebecca Miano said with estimated certified emission reductions (CER) of 78,640 tonnes CO2 equivalent per annum, it expects 550,480 tonnes CO2 equivalent with potential earnings of $1,100,960 based on…
