Last April, Energy Secretary Alfonso Cusi invited Southeast Asian investors in the Philippine power sector as the administration’s massive infrastructure program would require a huge amount of energy supply.

Cusi invites businessmen to invest in ASEAN's energy industry
(philstar.com) - September 27, 2017 - 11:24am

MANILA, Philippines — Energy Secretary Alfonso Cusi on Wednesday invited businessmen to invest in ASEAN’s energy sector, especially in the Philippines, as he touted the region’s “open and transparent market.”

“It is now imperative on us to draw in more investments and expertise to ensure that we are prepared for this new future,” Cusi said in his opening speech during the 35th ASEAN Ministers on Energy Meeting in Manila.

“Not only because of our growth potential, but also because of our efforts to make our region the primary investment destination for foreign investors. This is especially true here in the Philippines, where we intend to fulfill our side of the deal,” he added.

Cusi then pointed out the increasing demand for relatively cheaper natural gas from Asia, which he said complemented the growing supply from the rest of the world.

“My friends, if ever there was a right time to invest in energy in ASEAN, it is now!” he remarked.

Last April, Cusi invited Southeast Asian investors in the Philippine power sector as the administration’s massive infrastructure program would require a huge amount of energy supply.

Cusi said the investment opportunity is open for all and the DOE would not put a cap and quota on the energy source of choice.

“From 2016 to 2030, 17,300 megawatts is needed to support the Ambisyon 2040 development plan of the government for the Philippines,” the Energy chief said.

“An additional power of 26,000 MW from 2030 to 2040 or a total of 43,000 MW from 2016 to 2040 is needed to support the infrastructure projects,” he added.

Philstar
Facebook
  • Latest
  • Trending
Latest
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.