FPI chairman Jesus Lim Arranza expressed concern over the delays being encountered by several power projects that would ensure the country’s supply in the coming years. “Energy security is a very important concern for FPI since all of our members are manufacturers that need stable and reliable supply for their operations,” Arranza said. FPI agreed that delays in the approval process significantly affect the development of base load power plants, which could produce reliable electricity 24/7. The FPI also lauded the administration’s move to declare energy projects as of national significance. “We welcome the continued push of the Department of Energy to streamline the processing of energy projects that will ensure energy security,” Arranza said.

Source: The Standard July 16, 2017 12:11 UTC