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Wednesday, October 26, 2016

DOE Pushes Energy Projects As “Projects of National Significance”


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“Faster realization of energy projects fuels the growth of the Philippine economy,” Energy Secretary Alfonso G. Cusi said.

Anchoring it to better economic standing and the business climate, the Department of Energy together with its industry participants are rallying for the passage of a piece of legislation that labels energy projects as, “Projects of National Significance”.

“Let us do away with the usual red tape such as the processing of lengthy permits, dues and waiting for a succession of signatories. Instead, our efforts should be focused on accelerating energy security.”

President Rodrigo Duterte’s Administration’s has pledged to cut red tape to attract more investors to do business in the country.

His first order was to require all the Department Secretaries and Heads of agencies to remove redundant requirements and reduce the processing time for all applications.

In compliance thereof, Secretary Cusi emphasized, “We are aiming for the institutionalization of energy projects to be classified as ‘Projects of National Significance’ to set the progressive pace for energy developers.”

“This concern was brought up by the DOE to Congress in order to safeguard future and even existing energy projects,” Cusi informed.

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