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PIA Press Release

PNoy exhorts private sector for renewable energy partnership

Tacloban City (December 3) -- Stressing that renewable energy is the solution to the country's power woes, President Benigno S. Aquino III, called on the private sector to be government's partner in intensifying the development and use of renewable energy.

In his keynote address at the Renewable Energy Conference and Expo Manila 2010 held at the Dusit Thani Hotel in Makati City, the President said that renewable energy projects in rural areas can be tools of development in far-flung communities.

"Your genuine support furthers our optimism in our initiatives towards renewable energy development in our country. The key to success in any venture is sufficient cooperation and seeing all of you here reassures us that the government and the private sector have a mutual interest in pursuing sustainable access to and the use of renewable energy in the country," the President said.

President Aquino stressed that the government needs the help of the private sector in improving the lives of the poor, especially those in isolated communities.

"We will give you incentives and guarantees as needed within a framework that takes in consideration our mutual desire for a win-win solution for all parties," the President assured.

The President bared that as of March this year, a total of 205 renewable energy contracts were awarded to renewable energy developers; 33 are operating, nine are developed and 163 are in pre- development stage.

The President pointed out that energy is central to sustainable development and that the lack of access to modern energy services is a drawback to economic and social development.

He said providing energy to households is vital to meeting the United Nations Millennium Development Goals. "Without energy government is hampered from delivering services for basic human needs such as clean water, health, shelter and education."

Moreover, the President noted that the National Renewable Energy Program was instituted by government to achieve 100 percent increase in the country's renewable energy capacity within 20 years. It also aims to increase the non- power contribution of renewable energy to the energy mix equivalent to 10 million barrels of fuel oil in the next 10 years.

The President noted that the goals are for the Philippines to be the number one geothermal energy producer in the world, to double the countryside power capacity and to expand the respective contribution of biomass, solar and wind energy to the energy mix.

He made an assurance that his administration's initiatives on the development of renewable energy is consistent with the three goals as well as ensured the protection of the environment. (PIA 8) [top]

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