“The next leadership will be faced with a challenging situation given the ongoing energy crisis globally and given the impact of COVID on the post-COVID world,” Eric T. Francia, president and chief executive officer of AC Energy Corp. , told reporters when asked to share his wish list for the next administration.
“But that is not the norm. That is more of an exception. And because of that, I think we could face really a tightness in supply in the next three to five years,” Mr. Francia said. “I think the next leadership will have its hands full in terms of this challenging energy situation,” Mr. Francia said. “The lake could add capacity in the next three to four years and that’s relatively quick. So, imagine that would be additional capacity by 2025, which people are concerned about what’s gonna happen 2024, 2025, maybe even 2026. So, we need actionable projects ideally on the clean energy or renewable energy side,” he said.
“I think that will encourage a lot of investments both in renewable energy and battery storage that can be done in a relatively rapid time line, rapid period,” he said. For ACE Enexor, Inc. President Rolando J. Paulino, Jr., the development of the West Philippine Sea is on top of his wish list.
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