Cusi to energy investors: Let us fuel the Mindanao economy

By on October 11, 2017

BUTUAN CITY – Department of Energy (DOE) Secretary Alfonso G. Cusi called on the private sector to support the government’s energy program through investments, the Philippine Information Agency reported October 4.

“We urge our partners in the private sector to actively participate in our country’s energy development, to fuel the dreams and aspiration of Mindanao,” Cusi said in a message delivered by DOE Undersecretary Felix William B. Fuentebella during the E-Power Mo Mindanao campaign in Davao City on October 3.

“We have a gigantic task ahead of us to make the Philippines globally competitive, which requires the substantial infusion of investments,” said Cusi.

Cusi reiterated that the DOE pursues a fuel and technology-neutral policy while balancing environmental concerns. “The DOE will push socio-economic growth through a competitive selection process to ensure reasonably-priced energy,” he said.

The DOE also follows a three-pronged approach driven by three I’s – incentives, investments and innovation.

“Under the three I’s approach, the government will provide the necessary support for players who want to invest in new technologies that not only increases reliability, but also reduces emissions. Supporting the approach is Executive Order No. 30, creating the Energy Investment Coordinating Council (EICC) to streamline regulatory procedures affecting energy projects of national significance,” Cusi clarified.

Around 600 individuals coming from the academe, energy associations, companies involved in power, renewable energy, coal, petroleum, natural gas, alternative vehicles and energy efficiency industries as well as partners from national government agencies attended the E-Power Mo Mindanao leg.

Furthermore, DOE also reported on the major initiatives agreed upon during the 35th ASEAN Ministers on Energy Meeting and Associated Meetings (AMEM35) hosted by the country concluding that we now have more partners for energy development.

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