Saturday, December 5, 2015

Eleven Years of Marketing the Philippine Energy Sector

Wazzup Pilipinas!

With the fast evolving landscape and developments in energy policies, the Department of Energy (DOE), through the Investment Promotion Office, has been conducting regular investment fora in Luzon, the Visayas, and Mindanao to promote investments in the Philippine Energy Sector by facilitating the process of doing business and availment of incentives in the country.

In observance of the National Energy Consciousness Month, the DOE held its last Energy Investment Forum for 2015, now on its 11th year, on December 04 (today) from 8:00 a.m. to 12:00 noon at the InterContinental Hotel in Makati City.

Energy Undersecretary Donato D. Marcos said that the DOE urges the private sector to invest more and for timely installation of committed projects, adding that “We hope to see the infusion of investments in the coming years to be able to provide for reliable supply of electricity in the country.”

The Energy Investment Forum presents the current energy climate including the demand-supply outlook, potentials in the power sector, and developments of conventional, renewable and alternative energy resources.

The forum is part of the government’s continuing commitment to facilitate ease in doing business in the energy sector, said Electric Power Industry Management Bureau OIC-Director Irma C. Exconde. She added that the Philippine energy sector still has a broad spectrum of opportunities to offer.

Discussions concerning energy projects include BIR Division Chief for Taxpayer Service Program and Monitoring Marivic A. Galban’s discourse on the BIR’s procedures and requirements in availing of incentives; NGCP Division Head Philip DV. Dasalla’s talk about the sole transmission concessionaire’s Transmission Development Plan as well as the processes and requirements; BDO Capital and Investment Corp. President Eduardo V. Francisco’s presentation of Banco de Oro’s financing facility; and Full Advantage Co. Ltd. President and CEO Dr. Bernardo D. Tadeo’s sharing of best practices and experiences about their companies’ biomass energy development.

The forum event also served as a venue for networking among industry participants and other concerned agencies for their ongoing and future ventures.

About 200 project developers and representatives from financial institutions, distribution utilities and electric cooperatives, the business sector, government agencies and diplomatic organizations attended the said event.

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