Private sector pushed to invest more in renewable energy

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Private sector pushed to invest more in renewable energy
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ILIGAN CITY (MindaNews / 7 Dec) – An official of the Mindanao Development Agency (MinDA) called on the private sector to invest more in renewable energy so the Philippines would not be affected by …

ILIGAN CITY – An official of the Mindanao Development Agency called on the private sector to invest more in renewable energy so the Philippines would not be affected by events outside the country.

“Because of the situation happening outside of the country, we have been affected by higher prices of fuel and consequently higher price of electricity,” said Raymond Peter Esperat, development management officer at MinDA during the first regional press forum on Mindanao power and energy development held here Monday.

“That’s why we in MinDA are pushing for investments by the private sector in renewable energy to mitigate the effects of the high prices of oil here in our country,” Esperat said.

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