The Philippines needs to diversify its sources of energy for the security of supply, the Energy chief said on Tuesday, as he outlined the administration’s priorities to include developing indigenous sources and possibly adopting nuclear energy. READ:
“For power, this will include the 28,000 gigawatts of offshore wind which can be mobilized by 2030,” Department of Energy Secretary Raphael P.M. Lotilla said in a briefing led by the country’s economic managers after the President’s State of the Nation Address on Monday.
Mr. Lotilla said that he had been instructed by President Ferdinand R. Marcos, Jr. that top priority should be given to addressing uncertainties regarding investment incentives to the upstream sector, especially natural gas. In Mr. Marcos’ SONA, he said that it is time to re-examine nuclear energy to attract more investors and ensure enough power supply. He said that cheap and reliable energy is a requirement for economic growth as it is related to the ease of doing business.
Philippine Energy Efficiency Alliance President Alexander D. Ablaza said that energy efficiency should be planned as a primary resource when determining additional capacity requirements in the 2040 energy mix. “What the energy efficiency industry was hoping to hear from his address however was the explicit scale-up of energy efficiency interventions as a cost-effective solution to support the energy security and decarbonization objectives of the Philippines,” it said.
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