Sunday, May 16, 2021

DoE, Usaid team up for power sector investments


Latest Stories

Centino named new Army chief

President Rodrigo Duterte has appointed Major General Andres Centino as chief of the Philippine Army, Malacañang confirmed on Sunday. “We...

Hall of Fame’s class of 2020 enshrined, Kobe Bryant heads list

UNCASVILLE, Connecticut: Vanessa Bryant took Michael Jordan’s hand and walked down from the stage, a familiar chant breaking out...

Egypt sends ambulances to evacuate Gaza wounded

CAIRO: Egypt opened its Rafah border crossing with Gaza Saturday to allow 10 ambulances to transport Palestinians seriously wounded...

Belmonte, Eleazar lead dialogue with Muslim leaders in Quezon City

PHILIPPINE National Police (PNP) chief LtGen. Guillermo Lorenzo Eleazar and Quezon City Mayor Josefina “Joy” Belmonte have spearheaded a...

Aid distribution fails to meet May 15 deadline

The Department of the Interior and Local Government (DILG) said on Saturday the government would not meet the May...

The Department of Energy (DoE) has partnered with the United States Agency for International Development (Usaid) to attract investments for the country’s power sector.
In a statement, Energy Secretary Alfonso Cusi said he hoped this “collaboration to promote energy security and development will be sustained and even enhanced,” noting that the US “remains a solid ally and one of the country’s major trading partners.”

Energy Secretary Alfonso Cusi. FILE PHOTO

On the virtual, three-day Energy Secure Philippines (ESP) Activity Co-Design Workshop that Usaid is hosting and which opened on Wednesday, the Cabinet official said it came “at an opportune time for the energy sector, as it plays a crucial role in promoting sustainable economic development, specially now that the country is gearing to recover from the Covid-19 pandemic.”

The ESP seeks to spur inclusive economic growth and resilient development by increasing private investments to promote advance technology deployment and boost the resilience of the energy sector against sectoral shocks and stresses.

The Philippines is expected to benefit from the ESP’s mobilization of private-sector investments to encourage increased engagement and collaboration with private entities to implement complementary interventions, according to Cusi.

“We anticipate that the project will contribute to our shared goals with the US government’s Asia Enhancing Development and Growth through Energy, or Asia Edge Initiative, to help combat poverty and foster economic progress,” he said.


The US launched Asia Edge in July 2018 as a whole-of-government effort to grow sustainable and secure energy markets throughout the Indo-Pacific region.

According to its website, this initiative aims to strengthen energy security, increase energy diversification and trade, and expand energy access across the region.



Today's Front Page