The Department of Energy (DOE) on Wednesday defended its move to cancel 105 non-performing and delayed renewable energy service contracts amid concerns it
The Department of Energy on Wednesday defended its move to cancel 105 non-performing and delayed renewable energy service contracts amid concerns it would hurt investor sentiment.
DOE Undersecretary Rowena Guevara said as soon as the review of a particular project is completed and deemed for termination because of delays in the work program, the termination letter would be submitted to the secretary. “And therefore, others can actually apply for those areas but we cannot open those areas unless you terminate the projects that have been assigned to those areas,” she said.
“The administration of President Ferdinand Marcos Jr. is committed to ensuring the efficient and timely execution of renewable energy projects by regularly assessing the progress of these projects and refining regulatory framework,” said Guevara. The process helps identify and filter out non-serious developers, paving the way for legitimate developers committed to constructing RE projects efficiently.
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