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Kenya Power, Standard Bank Sign Carbon Accord, East African Says
2011-01-03 08:48:40.171 GMT
By Ana Monteiro
Jan. 3 (Bloomberg) -- Kenya Power & Lighting Ltd. and
Standard Bank Group Ltd. signed a carbon-trading agreement that
will enable the utility to avoid 90,000 metric tons of emissions
annually, the East African reported, citing the electricity
company's chief executive officer, Joseph Njoroge.
Kenya Power may generate $1.25 million annually should the
project be registered with the United Nations, the Nairobi-based
newspaper cited Njoroge as saying. CFC Stanbic Bank, a unit of
Standard Bank, will structure the project through Standard's
carbon-trading desk in London, according to the East African.
Story link: {NSN LEFUQR6S9728<GO>}
To contact the editor responsible for this story:
Ana Monteiro at +27-11-286-1914 or
amonteiro4@bloomberg.net
-0- Jan/03/2011 08:48 GMT
