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Electricity utility firm Kenya Power and Lighting Company has signed a carbon trading deal with Standard Bank, CfC Stanbic Banks parent company that sets the stage for clean energy production in Kenya.
This is the culmination of a process that began after several organisations approached KPLC for partnership in the development of Clean Development Mechanism (CDM) projects.
Speaking at the signing ceremony, KPLC chief executive Joseph Njoroge said the new deal opens up a new revenue stream as the company pursues its diversification strategy.
Mr Njoroge said the partnership makes both KPLC and Standard Bank active participants on environmental matters.
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