President Aquino encourages investments in Renewable Energy

Author: Darvin Tocmo  Date Posted:1 October 2014 

Manila, October 1,2014 – President Benigno S. Aquino III on Tuesday encouraged the energy sector to continue exploring and investing in renewable energy to sustain the growing demand for energy, which is needed to spur economic growth. “It is of absolute importance that we continue exploring and investing in clean and renewable energy sources,” the President said in his speech at the Energy Smart Philippines 2014 conference and exhibition held at the SMX Convention Center in Pasay City. The conference carried the theme, “Clean Energy Solutions for a Sustainable and Competitive Philippines.” The President noted that the government is fully aware of its obligations to future generations of Filipinos. “This is why, despite our status as a developing country; despite the need to industrialize further; and despite our historically low carbon emissions, we are still doing everything in our power to maintain and improve our low-emission development strategy,” he said. The government is committed and is doing its part to ensure that the National Renewable Energy Program (NREP), which aims to add 9,931 megawatts of renewable energy-based capacity by 2030, is on track, he said, adding that the program is already “making early strides.” He said that Phase 1 of the San Carlos Solar Energy Facility, once completed, will produce 22 megawatts of solar power. In addition, the government is looking to incentivize the entry of 450 megawatts of solar power, with the Department of Energy (DOE) endorsing to the Energy Regulatory Commision the expansion of the installation target to solar power under the Feed-in-Tariff System, he said. The Chief Executive also said that the government is looking forward to the first delivery of e-Tricycles for its e-vehicle project. “Right now, the DOE is in the process of procuring 3,000 e-Tricycles, which we expect to be completed by next year. This will be the first step towards our goal of replacing 100,000 gas-fueled tricycles with electric ones, which will reduce our carbon footprint further, as well as our dependence on oil,” he said. “(This is) so that we can move as fast as possible into a future that is more prosperous, safer, and cleaner, not just for our country, but for all of humanity,” the President said. For more information at:      http://news.pia.gov.ph/index.php?article=1781412071666