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Article: Philippines : PGMA signs Renewable Energy Act of 2008.
- Article from:
- TendersInfo
- Article date:
- December 18, 2008
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Byline: prashant03
President Gloria Macapagal-Arroyo signed this morning the Renewable Energy Act of 2008, to boost her administration s program to make the Philippines 60 percent energy self-sufficient by 2010.
The new act is also expected to mitigate the global problem of climate change.
The President said the new legislation is the first and most comprehensive renewable energy law in Southeast Asia that will enable the Philippines to capture a part of the soaring investments in renewable energy development worldwide pegged at $ 71 billion last year.
With our Renewable Energy Act, we can now move aggressively to develop these ...