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Article: Philippines: P2-billion trust fund for renewable energy set.
- Article from:
- TendersInfo
- Article date:
- July 13, 2009
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Byline: Mamta03
The Department of Energy (DOE) will set up a P2-billion trust fund to support the development of renewable energy in the country.
DOE assistant secretary Mario Marasigan said the fund is part of the overall framework of the renewable energy (RE) law.
When the RE bill was proposed, we originally target to create a fund amounting to P2 billion over the next five years, he said.
Marasigan said a major portion of the proposed fund will be allocated specifically for research and development of RE technologies while some will be used to finance RE projects.
The fund, he said, would come from various government ...