KenGen gets nod on mega carbon credits tender

kengen

KenGen rig at a new geothermal well in Olkaria, Naivasha on February 21, 2025. 

Photo credit: Dennis Onsongo | Nation Media Group

Electricity producer KenGen has been permitted to proceed with a Sh2.5 billion tender for the sale of 6.38 million carbon credits after the procurement watchdog dismissed an application by a losing bidder.

The Public Procurement Administrative Review Board (PPARB) dismissed an application for review filed by Sintmond Group Ltd, saying that given the magnitude of the subject tender and the substantial financial value involved, the firm bore the obligation to demonstrate its capacity to undertake a contract of such a scale.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.