PE2 joins government in WB workshop on financing options for public sector EE

BONIFACIO GLOBAL CITY, 18 January 2018 – Member firms of the Philippine Energy Efficiency Alliance (PE2) actively participated in the World Bank (WB) workshop to present the outcomes on its study to identify the three most relevant and feasible financing options for energy efficiency projects implemented in the Philippine public sector. 

Around 30 representatives of the Alliance joined officials and staff of the Department of Energy (DOE), the Government Procurement Policy Board, the Board of Investments, the House of Representatives Committee on Energy, the Office of Senator Sherwin T. Gatchalian, the EU-Access to Sustainable Energy Programme, and World Bank consultants in the workshop led by World Bank energy specialists Yuriy Myroshnychenko and Jas Singh. The DOE participants included Asec. Robert B. Uy, Director Jesus T. Tamang of the Energy Utilization Management Bureau, and Division Chief Artemio P. Habitan of the Energy Efficiency and Conservation Division.

Selecting from 10 models successfully adopted in other countries, the World Bank team shortlisted 3 financing options best suited for the Philippines: the budget-capital recovery model, the energy efficiency revolving fund, and the public super-ESCO option. PE2 member PNOC Renewables Corporation was identified as possible public ESCO to host the super-ESCO facility. The World Bank study estimates that close to PHP 3.5 billion in annual savings can be achieved from energy efficiency projects implemented in buildings used by national government agencies. Annual savings may treble to about PHP 10 billion if the scope included facilities of local government units, state universities and colleges and government-owned and controlled corporations.

PE2 shared its views that all 3 options, because of their transactional structures, are capable of flowing third party capital (whether sourced from Government or development funds) and are able to draw the expertise, technologies, solutions and performance guarantees of private energy efficiency service providers and energy service companies.

DOE Asec. Robert Uy expressed optimism that policy solutions may be crafted sans new legislation to effectively bridge procurement, budgeting and multi-year contracting gaps that are currently in the way of energy efficiency project implementation in government facilities.

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Philippine Energy Efficiency Alliance Inc. (PE2), is a non-stock, non-profit organization of energy efficiency market stakeholders.

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R.A. 11285 - An Act Institutionalizing Energy Efficiency and Conservation, Enhancing the Efficient Use of Energy, and Granting Incentives to Energy Efficiency and Conservation Projects

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The Philippine Energy Efficiency Alliance, Inc. (PE2) is a non-stock, non-profit organization of energy efficiency market stakeholders.

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