The Department of Energy (DOE) commits to electrifying 200 underserved areas through a P100 billion investment in microgrid solutions.
The Department of Energy (DOE) announced on Wednesday a significant investment of P100 billion in microgrid solutions aimed at providing electricity access to approximately 200 underserved and unserved areas across the Philippines. A microgrid is a self-contained electrical network capable of generating power onsite and ensuring availability whenever required.
\Undersecretary Rowena Guevara of the DOE emphasized the need for increased electrification during an investment forum on Tuesday, noting that while the national electrification rate stands at around 92-93 percent, Mindanao region lags behind at just above 70 percent. She highlighted the substantial economic potential that widespread electricity access would unlock. Guevara outlined the investment breakdown, with P75 billion allocated to the National Electrification Administration (NEA) and electric cooperatives, and P25 billion designated for the National Power Corporation (Napocor). \The DOE, in collaboration with the Department of Health (DOH), conducted a study analyzing data from 2010 to 2018. The findings revealed a direct correlation between electricity access and economic growth. The study indicated that for stakeholders in isolated areas, an 8-hour electricity supply led to an 17 percent increase in income and expenditure, while 16 hours resulted in a 30 percent jump. With a full 24 hours of access, the increase reached a remarkable 50 percent. Guevara stressed the substantial economic benefits for microgrid investors, estimating a yearly contribution of P314 billion to the national economy, equivalent to 1.8 percent of the Gross Domestic Product (GDP). She underscored the unique investment opportunity presented by electrifying the Philippines
MICROGRIDS ENERGY INVESTMENT ELECTRIFICATION PHILIPPINES
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