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KENGEN 2021-2025
Ericsson
#1 Posted : Wednesday, August 25, 2021 4:52:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,844
Location: NAIROBI
https://www.reuters.com/...-electrcty-idUSL8N2PW21F
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#2 Posted : Tuesday, September 14, 2021 11:25:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,844
Location: NAIROBI
https://www.the-star.co....nnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kawi254
#3 Posted : Tuesday, September 14, 2021 5:25:41 PM
Rank: Member


Joined: 2/20/2015
Posts: 423
Location: Nairobi
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-09-14-kengen-gets-nod-to-sell-46m-tonnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.



KenGen earned Sh57 million from the sale of carbon credits in the year to June 2017. (link)

Above figure is measly and i am sure less than salaries of people KenGen employs to go all over the world staying in expensive hotels only to sell KES 57M worth? And so much press releases over nothing. I never see other power producers (IPPs) all over the press every day like KenGen does. e.g Ormat &LTWP makes more money than KenGen per kwh sold to KPLC quietly.

KenGen has thermal plants in Kipevu and Muhoroni why can't they offset their carbon with their geothermal?
Ericsson
#4 Posted : Tuesday, September 14, 2021 11:13:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,844
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
https://www.the-star.co.ke/business/kenya/2021-09-14-kengen-gets-nod-to-sell-46m-tonnes-of-carbon-credits/

•It recently received 2,025,813 tonnes of Carbon Emission Reductions to the 150MW Olkaria IV Geothermal Project.

•2,040,515 tonnes of CO2e had earlier been issued to Olkaria I, Units 4 and 5 geothermal power plant.

The first KenGen project to be issued with carbon credits under the CDM initiative was the Tana hydroelectric power project which received 57,458 carbon credits, on March 13, 2020.



KenGen earned Sh57 million from the sale of carbon credits in the year to June 2017. (link)

Above figure is measly and i am sure less than salaries of people KenGen employs to go all over the world staying in expensive hotels only to sell KES 57M worth? And so much press releases over nothing. I never see other power producers (IPPs) all over the press every day like KenGen does. e.g Ormat &LTWP makes more money than KenGen per kwh sold to KPLC quietly.

KenGen has thermal plants in Kipevu and Muhoroni why can't they offset their carbon with their geothermal?


All those press releases are not corresponding to the share price performance.
Muhoroni contract is coming to an end this year and with the commissioning and operation of the KETRACO 220KV Lessos-Kisumu line highly unlikely it will be renewed.
Kipevu I contract is coming to an end in 2023
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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