PE2's Ablaza meets SEAS, briefs EE industry players in Singapore

  • PE2 meets SEAS, briefs EE industry players in Singapore
    PE2 meets SEAS, briefs EE industry players in Singapore

SINGAPORE, 18 July 2018 – Philippine Energy Efficiency Alliance president Alexander Ablaza met officials and the Energy Efficiency (EE) Committee of the Sustainable Energy Association of Singapore (SEAS) met here earlier today upon the invitation of SEAS executive director Kavita Gandhi and SEAS EE Committee chair Vincent Low.

Convening several energy service companies (ESCOs) and other EE industry players in the Singapore market, the SEAS EE Committee welcomed Ablaza's briefing on the objectives of the newly-formed Asia-Pacific ESCO Industry Alliance (APEIA), wearing his dual hats as APEIA co-chair and PE2 president.

Ablaza highlighted a few areas of possible collaborations between the founding member associations from China, Japan, the Philippines, Singapore and Taiwan. APEIA's focal areas include:

  • Knowledge flow – Knowledge events (e.g. seminars, conferences, workshops, exhibitions) and knowledge-sharing channels (e.g. website, publications, other knowledge products) to promote and share information on:
    • Energy efficiency potential and adoption in building, manufacturing and service sectors
    • Best practices – ESCO-based technologies, finance, contracting
    • ESCO contracting models and industry-standard contract templates
    • ESCO project financing and guarantee mechanisms and issues
    • Public procurement, budgeting and multi-year contracting of ESCO services
    • Paris COP21-driven climate change mitigation and greenhouse gas emission reduction strategies related to energy efficiency and ESCO services
  • ESCO sector development – Build technical capacities in nascent ESCO markets by organizing and conducting training programs leading to the certification of energy managers, measurement & verification professionals and other ESCO specialists
  • Carbon market transactions – Facilitate carbon asset management projects, carbon emission reduction and energy savings offset trading for RE and EE companies
  • Easing technology deployment – Facilitate and encourage research & development, test-bedding & pilot-testing of technologies in energy efficiency 
  • Facilitating investments – Provide a platform for governmental, developmental and commercial investors to engage with developers of energy efficiency projects
  • Business development – Promote business development through conferences, ESCO trade missions, business matching meetings, exhibitions and other networking events
  • Enabling market interventions – Engage with the relevant government agencies, development agencies, international financial institutions and industry associations to mobilize grant, debt capital, knowledge and other in-kind resources to enable the implementation of the above-mentioned activities

The PE2 president also shared with them the policy reform interventions of the Alliance in its efforts to partner with the Philippine Government to mainstream energy efficiency as the economy's “first fuel” as the country aspires to meet several national and regional energy intensity and carbon intensity reduction targets. Ablaza explained the PE2 projection that at least two-thirds of the USD 243 billion capital requirement through 2040 will have to be mobilized through innovative third-party capital flows such as ESCO performance contracting, public-private partnerships, build-operate-transfer agreements, specialized equity vehicles, and bulk procurement and distribution programs. The PE2 head also warned that markets cannot depend on the minority contributions of business-as-usual self-financed and debt-financed modalities to scale-up EE technology adoption across energy end-use sectors.

Ablaza likewise discussed with SEAS its proposal to host the next APEIA meeting during the Asia Clean Energy Summit in Singapore from 31 October to 2 November 2018. 

PE2's Ablaza meets SEAS, briefs EE industry players in Singapore

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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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  • Philippine Energy Efficiency Alliance, Inc. (PE2)
    19/F Philippine AXA Life Centre 
    Senator Gil Puyat Avenue 
    corner Tindalo Street 
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    Philippines 1200
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