THE Securities and Exchange Commission will be simplifying the registration of securities of power generation companies and distribution utilities via a special lane for the sector.
The launch of the Securing and Expanding Capital for PowerGen Operators and Wholesale Electricity and Retail Services program is part of a commitment to help promote renewable energy , the regulator said.'SEC Powers is sort of a fast lane, where we will prioritize registration of investments in the energy sector,' SEC Commissioner Javey Paul Francisco said during an Economic Journalists Association of the Philippines-AboitizPower renewable energy forum last Friday.
SEC Powers, he continued, will have a faster approval process as it will have a 'dedicated staff to look into it instead of just passing through the regular process because it's precisely the priority project of the administration.'The requirements that will be relaxed are still being determined, 'but the general concept that we have is to make it easier to comply, to make the processing faster, and so we're coming in from a mindset of ease-of-doing-business.
Readies Fast Lane For Energy Investments
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