PE2 trustees meet DOE officials in EU ASEP DOE CEO Forum on Financing Government Energy Efficiency Projects on 30 May 2019. From left: PE2 trustee Felix Richard Cordova, DOE Asec. Robert Uy, PE2 trustees Ruth Yu-Owen and Jagannathan Srinivasan, DOE Usec. Jesus Cristino Posadas, PE2 trustees Theresa Acedillo-Lapuz, Maria Concepcion Simundac, Alexander Ablaza, Raymond Marquez and PE2 manager Luigi Eusebio . (PE2 photo)
MAKATI CITY, 30 May 2019 — The Philippine Energy Efficiency Alliance (PE2) promoted the parallel adoption of off-balance sheet capital mobilization for energy efficiency (EE) projects implemented in the public sector during a CEO Forum on Financing Government Energy Efficiency Projects held here today by the EU Access to Sustainable Energy Programme (ASEP) and the Department of Energy (DOE).
PE2 president Alexander Ablaza explained that private capital can be tapped for initial investments in energy efficiency projects hosted by government agencies and instrumentalities through expanded procurement regulations that would enable energy service company (ESCO) performance contracts for singular EE projects and public-private partnership (PPP) transactions for larger, bundled EE projects.
Ablaza emphasized that it was imperative for the emerging implementing rules and regulations of Republic Act 11285, otherwise known as the Energy Efficiency and Conservation Act, to provide clear guidelines that would finally enable procurement of ESCO performance contracts and PPP transactions for government EE projects.
The DOE was led by Senior Undersecretary Jesus Cristino P. Posadas and Assistant Secretary Robert B. Uy. PE2 was represented by trustees Alexander Ablaza, Felix Richard A. Cordova, Theresa Acedillo-Lapuz, Raymond A. Marquez, Ruth Yu Owen, Maria Concepcion P. Simundac, and Jagannathan Srinivasan and PE2 member services and communications manager Luigi G. Eusebio. The EU ASEP team was led by its team leader Douglas Liner and energy efficiency strategy expert Josephine A. Mangila-Tioseco.