PRESIDENT Duterte has signed into law a measure that will encourage energy-efficient projects by providing 10-year fiscal incentives.

Prior to passing the law, the Philippines was the only Southeast Asian country which does not have a law encouraging efficient utilization of energy while providing tax incentives.

The new law signed on April 12 is aimed at institutionalizing energy efficiency and conservation practices and enhancing the efficient use of energy.

MANILA -- A ranking member of the House of Representatives on Tuesday lauded the signing of the Energy Efficiency and Conservation Act, saying the milestone legislation will greatly help the country address its energy woes and make the Philippines an appealing destination for investments in the power sector.

In a statement, Marinduque Rep. Lord Allan Velasco, who chairs the House committee on energy, said the measure would lay the foundation for energy efficiency and conservation policy.

MANDALUYONG CITY, 23 April 2019 – The Philippine Energy Efficiency Alliance (PE2), led by its vice president for internal affairs Samuel West Stewart, held its inaugural member knowledge sharing event in Wack Wack Golf and Country Club earlier today, specifically to brief members on the ISO 50001:2018 standard and the Private Financing Advisory Network (PFAN).