The Department of Energy (DOE) is urging investors coming from the Visayas region to capitalize on the growth of the Philippine power industry.
To attract more ventures in the energy sector, the DOE recently presented the country’s energy portfolio in the Visayas region through a forum in Cebu City. “We invite potential investors in the Visayas to explore opportunities in the energy sector to develop our indigenous resources,” Energy Undersecretary Raul Aguilos said.
The event is the second leg of a series of investment forum, following the one held in Davao City in September aimed at drawing greater public-private partnerships in the energy sector.
Around 200 participants from government agencies, financial institutions, donor agencies, generation companies, private distribution utilities and companies, electric cooperatives, among others, attended the forum. Aguilos gave a presentation on the power supply and demand outlook in the Visayas, and on the DOE’s programs and initiatives to foster investments.
This initiative, according to DOE, provided useful insights on the formulation of market policies in preparation for the full integration of the retail, reserve and renewable energy markets in the Wholesale Electricity Spot Market.
Madelaine B. Miraflor