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Inside the order for KenGen to restart Sh2.5bn carbon credits tender
A geothermal well at Kenya Electricity Generating Company PLC’s (KenGen) Olkaria site undergoes discharge testing in preparation for electricity generation on February 21, 2025.
The Kenya Electricity Generating Company (KenGen) has been ordered to restart the tender process for its 4.62 million carbon credits, which are worth Sh2.5 billion ($19.6 million), after the procurement watchdog found irregularities in the bidding process.
The Public Procurement Review Board (PPRB) nullified the firm’s decision to award the tender to a joint venture of Munja Trading Limited and Marwil Energy Holding AS, the third time that KenGen’s carbon credit sales have faced procurement challenges.
