TAGUIG CITY - The Department of Energy (DOE), through its Investment Promotion Office, will be holding its final Energy Investment Forum (EIF) for 2019 tomorrow (3 December) at the Hilton Manila Hotel in Pasay City. 

“Recognizing the need to break barriers to investments, we have put in place additional policies that would dispel fears of potential investors. Following the spirit of the Energy Virtual One Stop Shop law and the Energy Efficiency and Conservation Act (EE and C Act), we issued the following: (1) Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts and the Registration of Renewable Energy Developers to harmonize and enhance existing guidelines and procedures governing the transparent and competitive system of registering and awarding RE projects; (2) Qualified Third Party policy for our remote and off-grid areas; (3) Battery Energy Storage System policy and (4) the IRR for the EE and C Act among the other policies released,” Secretary Alfonso G. Cusi said. 

Running on its fifteenth year, the EIF aims to provide energy stakeholders with key updates on current investment opportunities and developments in the energy sector, as well as relevant energy investor experiences in project implementation. 

About 300 participants from local electric cooperatives, energy generators, financial institutions, various government agencies, and local business groups are expected to attend the event. This forms part of the DOE’s activities for its annual celebration of National Energy Consciousness Month. 

###