DOE, USAID partner to promote private investments in energy

Published onJanuary 22, 2021

The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology to ensure energy security in the country. The DOE and USAID kicked off Wednesday the three-day Energy Secure Philippines (ESP) activity co-design workshop, which aims to promote private investments in the energy sector. “The US remains a solid ally and one of the country’s major trading partners. We are hopeful that our collaboration to promote energy security and development will be sustained and even enhanced,” DOE Secretary Alfonso Cusi said. The virtual workshop between DOE and USAID will set the targets and strategies for the ESP, update tasks and interventions of the government to lure energy investments from the private sector, identify potential partnerships under ESP, and improve the implementation of the program. “This activity comes at an opportune time for the energy sector as it plays a crucial role in promoting sustainable economic development, especially now that the country is gearing to recover from the Covid-19 (coronavirus disease 2019) pandemic,” he added.