BPOPF takes bigger stake in Tlou Energy
Thursday, April 18, 2019
Tlou Energy is set to pioneer the country's first CBM poer station PIC: TLOUENERGY.COM
The increased investment is a vote of confidence for Tlou, which is a front-runner in government’s pending contract for the construction of a 100-megawatt Coal Bed Methane power station.
The BPOPF, which is the country’s largest pension fund with approximately P60 billion in assets, previously held a 4.6 percent stake in Tlou.
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...