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GDC preparing sale of carbon credits under CDM scheme

Discharging Well, Menengai Geothermal Field, Kenya (source: flickr/ GRC, creative commons)
Alexander Richter 13 Dec 2012

Kenya's Geothermal Development Company is preparing to sell carbon credits under the Clean Development Mechanisms of the Kyoto Protocol, for its 400 MW project at Menengai, Kenya.

Reported yesterday from Kenya, Geothermal Development Company is preparing to sell carbon credits under the Clean Development Mechanisms of the Kyoto Protocol from its Menengai geothermal projects in Kenya.

GDC is currently working on modalities of a registration under the scheme set up by the UN Framework Convention on Climate Change.

The registration of the 400 MW Menengai project could provide a significant revenue stream for the company. KenGen and Kenya Power are already pursuing the sale of carbon credits from their clean energy proejcts.

While the company is in early stages in the process, it has organized a stakeholder meeting for December 28, 2012 in Nakuru.

Source: Standard Media