In statement to the Bombay Stock Exchange this afternoon, KP Group revealed that the MoU had been sealed with a target of up to five gigawatts of renewable energy. “As part of the understanding, KP Group will lead technical and commercial development activities, including feasibility studies, project design, financing, construction, commissioning, and long-term operation and maintenance of the renewable energy and storage assets,” the firm’s directors said. Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a ‘siren’ on a dangerous and growing trend: the ballooning use of micro-procurement.
That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a ‘red flag’. The PPRA’s warning is unequivocal and must be…
