Mmegi

Govt inks $4bn renewable energy deal with Indian firm

Green power: The country is advancing various renewable energy projects
Green power: The country is advancing various renewable energy projects

The Ministry of Minerals and Energy has signed a Memorandum of Understanding with a stock-exchange-listed Indian firm for the development of up to $4 billion in renewable energy projects around the country.

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.

Editor's Comment
Ramogapi & Co should clear the Bonno confusion

According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...

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