Wazzup Pilipinas!
Department of Energy (DOE)
Secretary Alfonso Cusi said Thursday that there is a big business opportunity
in the Philippines' energy sector that investors from the Association of
Southeast Asian Nations (ASEAN) can take advantage of.
"We're inviting energy
investors from ASEAN. The ASEAN summit is an opportunity for us to drum up to
our neighbors that there is this development happening in the Philippines and
they can participate," Cusi said after attending the closed door quarterly
roundtable of the Wallace Business Forum at Shangri-la Hotel, Makati City.
Cusi said the potential
business opportunity in energy is the result of the government's ambitious
infrastructure program dubbed "Build Build Build."
"We're going to build
the energy supply for the infrastructure," said Cusi.
"From 2016 to 2030,
17,300 megawatts is needed to support the Ambisyon 2040 development plan of the
government for the Philippines. 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," Cusi said at the second round of Dutertenomics
Forum on Wednesday, April 26, 2017. Cusi is optimistic that
investors will come in.

Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.