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Energy Investment Briefing

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MikeLigalig.com:
FAST-TRACK ENERGY PROJECTS: Department of Energy (DOE) Assistant Secretary Robert B. Uy tells participants of the Energy Investment Briefing on Wednesday that a policy is in place to fast-track energy projects. Hence the cooperation and feedback from stakeholders are vital for this undertaking. Uy added that the DOE fully supports the Ambisyon 2040 vision of the administration through the provision of secured and sustainable energy services, as well as ensuring an energy-resilient Philippines.

BACOLOD CITY -The Department of Energy (DOE) on Wednesday (27 June 2018) unveiled more business opportunities for investors, particularly in the energy sector in the Western Visayas area through an Energy Investment Briefing held at L’Fisher Hotel in Bacolod City.

Spearheaded by the DOE- Investment Promotion Office led by Chief Investment Specialist Lisa S. Go, the forum aimed not only to provide relevant information on emerging business opportunities in the region, but also to establish synergy among key players in the industry for a more efficient implementation of energy projects.

Among others, the forum provided information and strategies to facilitate the establishment of energy-related businesses at the local level, which in turn could help spur the economic progress in the area.

Likewise, the briefing included detailed updates on the Visayas Power Supply and Demand Outlook, as well as the existing and potential energy projects in the region.

In addition, the discussion also focused on the potential benefits that would accrue to a community hosting a power project and the requirements and procedures involved in the implementation of energy projects.

For his part, DOE Visayas Field Office OIC Director Saul Gonzales encouraged the participants to actively contribute in the exchange of relevant information on the energy sector in the region. 

In his closing remarks, DOE Assistant Secretary Robert B. Uy, expressed hope for increased business activity in the energy sector, noting the significant strides the government has made to establish a level playing field for all energy investors.

He cited the creation of an Energy Investment Coordinating Council under Executive Order 30. 

Participants in the briefing included representatives from the local government units, electric cooperatives, as well as existing and potential energy investors in the region. 

The investment briefing is part of the DOE’s effort to extend the message of the E-Power Mo campaign to the business sector, local government units and electric cooperatives, highlighting their critical role in providing reliable, steady and affordable energy supply to the consumers.

On Tuesday, the E-Power Mo campaign celebrated its first year anniversary, underscoring the need for the consumers, the developers and the operators of vital energy infrastructures to work with the government in bringing about an energy resilient Philippines.

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