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Wednesday, July 25, 2018

DOE Unveils Investment Options in Cagayan Valley


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The Department of Energy (DOE) will conduct an Energy Investment Briefing for the Cagayan Valley region on Thursday, 26 July 2018 at the Oryza Hotel.

“We hold investment forums annually to entice investors to develop our indigenous energy resources. Adhering to the President’s vision of fast tracking the country’s development, we intend to bridge the gap among stakeholders in the local level for the smooth implementation of energy projects,” Energy Secretary Alfonso G. Cusi explained.

According to the DOE- Investment Promotion Office (IPO) headed by Chief Investment Specialist Lisa S. Go, the investment briefing seeks to establish synergy among the key players in the area to facilitate the setup of energy-related businesses at the local level needed to spur economic progress.

Expected participants include the representatives from the local government units, electric cooperatives, private distribution utilities and the existing and potential energy investors in the region (Region II).

The forum will also include updates on the Luzon Power Supply and Demand Outlook, as well as the existing and potential energy projects in Region II. It will discuss the benefits a community may reap for hosting a power project, and the requirements and procedures involved in the implementation of energy projects.

The investment briefing articulates the principles of the E-Power Mo movement, particularly the significance of energy investments in making the Philippines globally competitive.

“It will focus not just on investment opportunities for developers but will also provide consumers with relevant information and options for efficient, safe and cost-effective energy use,” Cusi concluded.

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