Nairobi, May 26 -- The High Court has given Kenya Electricity Generating Company (KenGen) the greenlight to proceed with a Sh2.5 billion tender for sale of 6.38 million carbon credits after dismissing a petition filed by a losing bidder.

Carbon credits represent a reduction or removal of greenhouse gases from the atmosphere through, for example, switching from fossil fuels to renewable energy like geothermal.

These credits are bought by businesses and other entities seeking to meet voluntary or mandatory environmental regulations and targets.

The court dismissed the petition by Sintmond Group Ltd, stating that it was persuaded by the Public Procurement and Administrative Review Board that the application by the firm stemmed from the fa...