Guidelines to fast-track the implementation of major power projects will be unveiled this month, the Department of Energy (DoE) said.
The DoE said it has received all the concerns raised by stakeholders and is now working on the permitting process framework for big-ticket energy investments.
Executive Order No. 30, signed by President Rodrigo Duterte on June 28, created the Energy Investment Coordinating Council (EICC), an inter-agency group spearheaded by the DoE and is responsible for harmonizing, integrating and streamlining the approval process for projects classified as Energy Projects of National Significance (EPNS).
EPNS may include power generation or ancillary services, and those required to maintain and secure the power grid. Such projects must be endorsed by the DoE as “project of national significance under the Philippine Energy Plan (PEP).”
Currently, industry players need 1,340 days to secure all the necessary permits and licenses to start an energy project. The DoE has no control over 90 percent of the permitting process.
Energy Secretary Alfonso Cusi reiterated last Wednesday that there was no need to wait until next year to embark on huge energy undertakings. He said such projects must be implemented immediately.
The DoE has been working on policy reforms in the energy sector to secure power supply and lower the cost of electricity.