MANILA —The Government of the Philippines (GPH) and the U.S. Government, through the U.S. Embassy in Manila today launched a new program that will help the Philippines bring down the cost of power.
U.S. Ambassador to the Philippines, Philip S. Goldberg joined Secretary Arsenio M. Balisacan, Director-General, National Economic and Development Authority and Secretary Carlos Jericho L. Petilla, Department of Energy to launch the Energy Policy and Development Program (EPDP).
Funded by the U.S. Embassy Manila’s United States Agency for International Development (USAID) and implemented by UPecon Foundation, Inc., EPDP is a four-year, Php225 million ($5 million) project that aims to strengthen the GPH capacity to formulate evidence-based policies and strategies for the cost-effective use of energy resources towards environmentally-sound energy development.
“The Philippines has become one of the fastest-growing economies in Asia and represents new opportunities for trade and investment that create jobs. Crucial to this, businesses need stable supply and low cost power to be competitive while households need access to reliable and affordable electricity to be productive,” Ambassador Goldberg said. “This new partnership will help develop and promote knowledge, research and best practices in the energy sector that will be important to sustain the impressive growth achieved by the Philippines in the recent years.”
EPDP will work to promote an energy policy and reform agenda. It will operate as an independent think tank that guides and informs policy and decision-making, and provides inputs to establish an academic and policy program at the University of the Philippines. EPDP will also help inform private sector business strategies in ways that support sustainable economic development.#