Philippine energy sector needs $19b

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Electric tricycles are one of the measures to make the Philippines "greener"
Electric tricycles are one of the measures to make the Philippines “greener”

The Philippine energy sector will need $19 billion in fresh investments until 2016 to roll out critical infrastructure projects and various programmes needed to ensure national energy security, the Philippine Daily Enquirer reported on February 19.

According to the Philippines’ Department of Energy (DOE), the investments also are aimed at “climate-proofing” the Philippine energy system, promoting a low-carbon future with the rollout of electric vehicles and the massive use of alternative fuels, adopting smart technologies and facilitating the implementation of strategic infrastructure.

For 2013, the DOE wants to provide electricity access to 9,860 households through the Household Electrification Programme and 4,982 villages under the Sitio Electrification Program.

The Philippine government is further promoting the use of electric vehicles, particularly for public transport such as the tricycles, as this would benefit the environment and support the country’s drive to become more energy independent. However, the country has already been assessed by the Asian Development Bank of being one of the most energy efficient nations in the region.

The use of natural gas for public transport is similarly expected to help wean the country away from its dependence on expensive fuel imports.

Other existing and upcoming projects by the DOE will include open access to and retail competition in the energy market, as well as the rehabilitation of the Agus and Pulangi hydropower complex in Mindanao and the implementation of the Interim Mindanao Electricity Market, which will serve as a platform where generators can sell their excess electricity.

 

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Reading Time: 2 minutes

Electric tricycles are one of the measures to make the Philippines “greener”

The Philippine energy sector will need $19 billion in fresh investments until 2016 to roll out critical infrastructure projects and various programmes needed to ensure national energy security, the Philippine Daily Enquirer reported on February 19.

Reading Time: 2 minutes

Electric tricycles are one of the measures to make the Philippines "greener"
Electric tricycles are one of the measures to make the Philippines “greener”

The Philippine energy sector will need $19 billion in fresh investments until 2016 to roll out critical infrastructure projects and various programmes needed to ensure national energy security, the Philippine Daily Enquirer reported on February 19.

According to the Philippines’ Department of Energy (DOE), the investments also are aimed at “climate-proofing” the Philippine energy system, promoting a low-carbon future with the rollout of electric vehicles and the massive use of alternative fuels, adopting smart technologies and facilitating the implementation of strategic infrastructure.

For 2013, the DOE wants to provide electricity access to 9,860 households through the Household Electrification Programme and 4,982 villages under the Sitio Electrification Program.

The Philippine government is further promoting the use of electric vehicles, particularly for public transport such as the tricycles, as this would benefit the environment and support the country’s drive to become more energy independent. However, the country has already been assessed by the Asian Development Bank of being one of the most energy efficient nations in the region.

The use of natural gas for public transport is similarly expected to help wean the country away from its dependence on expensive fuel imports.

Other existing and upcoming projects by the DOE will include open access to and retail competition in the energy market, as well as the rehabilitation of the Agus and Pulangi hydropower complex in Mindanao and the implementation of the Interim Mindanao Electricity Market, which will serve as a platform where generators can sell their excess electricity.

 

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