Close  

Duterte urges private sector to invest in clean energy

By: - Reporter / @KAguilarINQ
/ 08:49 PM October 16, 2019

MANILA, Philippines — President Rodrigo Duterte encouraged private sectors on Thursday to invest in the generation of clean energy.

The President said this during his speech at the switch-on ceremony of the San Buenaventura Power Ltd. Co. at the Grand Hyatt Manila in Taguig City.

ADVERTISEMENT

“To our friends in the private sector, I ask you to follow the lead of San Buenaventura Power by investing in the generation of clean energy,” he said.

“With substantial reforms that this administration has instituted in the past three years, I can assure you that you’ll be able to pursue more effective and efficient business strategies as long as you give utmost importance for the protection of our environment and the welfare of your host communities,” he added.

FEATURED STORIES

Last Tuesday, SBPL switched on its 500-megawatt (MW) supercritical coal-fired power plant in Mauban, Quezon, which will inject additional capacity in the Luzon grid.

It uses a high-efficiency, low-emission (HELE) coal technology that allows the power plant to operate at higher temperatures and pressures to reach higher efficiencies while reducing emissions.

The President also assured private sectors of government’s commitment to utilizing renewable energy for the economy’s growth.

“As we look forward to the future of power generation in the Philippines with much optimism, let me assure our partners in the private sector that this administration remains committed to harnessing the potential of sustainable [and] renewable energy in driving the growth of our economy,” he said.

“Let me, therefore, take this opportunity to encourage everyone, especially the people behind San Buenaventura Power, to look especially behind the aspect of power generation. And always keep in mind that beyond profits, your primary objective is to provide reliable and affordable electricity to our people,” he added.

In light of this, the President told the Department of Environment and Natural Resources (DENR) and the Department of Energy (DOE) to continue monitoring compliance of companies with the law.

/atm

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: clean energy, DENR, Rodrigo Duterte
For feedback, complaints, or inquiries, contact us.
entertainment

Unlikely triangle

November 16, 2019 12:35 AM

entertainment

Epy’s advice to guys who are ‘torpe’

November 16, 2019 12:30 AM

entertainment

Alec Baldwin’s wife mourns miscarriage

November 16, 2019 12:25 AM

entertainment

Love shines through in GMA Network’s Christmas Station ID

November 16, 2019 12:20 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.