DOE pushes RE Act’s IRR changes to attract investors - BusinessMirror

📆 11/17/2022 6:48 AM
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The DOE has moved to amend the implementing rules and regulations of Republic Act No. 9513, or The RE Act of 2008, to allow foreign-owned entities to participate in the exploration, development, and utilization of the country’s RE resources. Know more:

THE Department of Energy has moved to amend the implementing rules and regulations of Republic Act No. 9513, or The RE Act of 2008, to allow foreign-owned entities to participate in the exploration, development, and utilization of the country’s renewable energy resources.

He signed on November 15, 2022 Department Circular No. 2022-11-0034 which prescribes the amendment to Section 19 of Department Circular 2009-05-0008 titled Rules and Regulations Implementing Republic Act No. 9513. The DOJ, however, noted in the said Opinion that the IRR of the RE Act of 2008 must be amended to conform to the Opinion.

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