By: Krista Angela M. Montealegre, InterAksyon.com
November 25, 2014 4:09 PM
MANILA – The United States Agency for International Development (USAID) is providing the Philippine government financial assistance in crafting policies that would bring down the cost of power and make it environment-friendly.
US Ambassador to the Philippines Philip S. Goldberg, Economic Planning Secretary Arsenio Balisacan and Energy Secretary Carlos Jericho L. Petilla unveiled the Energy Policy and Development Program (EPDP) on Tuesday.
To be implemented by the UPecon Foundation Inc, the four-year program "aims to strengthen the Philippines' capacity to formulate evidence-based policies and strategies for the cost-effective use of energy resources towards environmentally-sound energy development."
USAID will provide a grant of P225 million.
"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," 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," Goldberg added.
Operating as an independent think tank, EPDP will provide inputs to establish an academic and policy program at the University of the Philippines and help inform private sector business strategies in ways that support sustainable economic development.
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