Members of the electricity value chain underscored the importance of clear and fair policy guidelines and regulation due to the huge investments needed for energy projects.
First Gen Corp. president and chief operating officer Francis Giles Puno said the Philippine Energy Plan requires a significant amount of investment. “First Gen’s balance sheet cannot do it all alone. AboitizPower’s balance sheet cannot do it all alone,” Puno said. “So, it does require a lot of collaboration.”
NGCP recommended that the Energy Regulatory Commission allow them to build the transmission backbone in identified high resource areas for renewable energy even if the power plant projects are still at their indicative stage. “We have to adjust and learn to accommodate innovations solar rooftops,” said Meralco vice president and head of utility economics Lawrence Fernandez.