Tender/ EOI – KenGen, procurement of consultancy on advisory for sale of certified emission reductions

Tender/ EOI – KenGen, procurement of consultancy on advisory for sale of certified emission reductions Olkaria II geothermal power plant, Kenya (source: ARGeo)
Alexander Richter 16 Sep 2020

With its renewable energy operating assets, KenGen is seeking to hire consultants to advise on the sale of certified carbon emissions-reduction units from hits hydropower, wind and geothermal projects.

Kenya Electricity Generating Company (KenGen) has published a tender notice calling for Expressions of Interest (EOI) Procurement of consultancy services for transaction advisory services for the sale of certified emission reductions. State-controlled KenGen, the biggest power operator in Kenya, has six project falling under the clean development mechanisms, with the potential to produce 1.5 million tonnes of carbon equivalent.

The hydro, wind and geothermal projects have been certified under the United Nations’ guidelines on climate change.

The objective of this Expression of Interest is to contract a Transaction Advisor with extensive experience in the trade of Certified emissions Reductions (CERs), Verified Emissions Reductions (VERs) and/or Voluntary Carbon Units (VCUs) with the purpose of undertaking market sounding and advising KenGen on the best sale strategy, marketing techniques, appropriate sale duration, the most viable quantities of sale and map out potential markets internationally.

Scope of Work – Terms of Reference

The scope of consultancy shall cover provision of advisory services on sale of KenGen’s issued Certified Emissions Reductions (CERs) arising from its Wind, Hydro and Geothermal CDM Projects. It shall include, but not limited to the following tasks:

i. Undertaking market sounding for sale of KenGen’s CDM issued Certified Emissions Reductions (CER’s) from its six (6) registered projects as detailed in the background section above ii. Determination of the best marketing and sale strategy iii. Establishing guidelines/ terms of sale of the CERs iv. Mapping out potential markets internationally and advising on the best option to enable KenGen to pursue in sale of it’s CDM issued Certified Emissions Reductions (CER’s) v. The firms prequalified to offer advisory services will be invited to respond to a detailed request for proposal outlining the expected consultancy and sale process for the available CER’s.

For further details see the overview linked below.

Source: KenGen, Tender overview document (pdf)