DOE: Power industry important in PH economic development

DOE Power industry important in PH economic development

The Department of Energy highlighted the importance of the power industry in the country’s economic development.

Without power, there can be no progress and prosperity. It is indispensable to our economic growth and our nation’s drive towards global competitiveness. Because of this, the energy sector seeks to attain its ultimate goal of energy security to hasten the government’s drive towards industrialization,” Cusi said in a forum.

Cusi promised that they will pursue the participation of the private sector and make use of new technologies and emerging power supply sources that meet with the power mix policy.

“We will formulate relevant policies and regulations to ensure an attractive business climate. EO30 will do away with the tedious process of permitting and approval prior to the commercial operation of power generation projects,” he said.

With the full implementation of Executive Order 30, Cusi said, the country would be able to meet the needed capacity to address the growing power demand due to the growing economy.

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