Solon vows support to foreign investors in energy

Senator Raffy Tulfo has promised to support foreign investors who want to invest in the field of energy in the Philippines.

Tulfo, who chairs the Senate Committee on Energy, made this promise in a dinner meeting with Singaporean business executives on Sunday.

The dinner was attended by Lavan Thiru, Executive Director of Infrastructure Asia; Farchad Kaviani, Managing Director for Southeast Asia of SUEZ; Renee Mison, Executive Director of Go Circular; Kunal Shah, chief growth officer and Managing Director of Anaergia; and Jens Moller, engineering manager of Ramboll.

“Some of them are currently investing in the Philippines while others are just planning to invest,” he said in a news release on Monday.

During the meeting, the business executives discussed the benefits of waste-to-energy (WTE) as well as the obstacles they have encountered in operating it. They suggested policies and solutions that could be used for a successful WTE system.

The business executives also voiced their issues about the problems and challenges they encountered in establishing business in the country.

Tulfo said the meeting with the Singaporean business officials could help him and his legislative team in pushing for the swift passage of his WTE Bill which is now on the second reading.

Under Senate Bill 2267, the inclusion of WTE in the Philippine Energy Plan is mandated and will authorize local government units to enter into clustering arrangements and public-private partnerships for establishing WTE facilities.

The bill explicitly prohibits the use of imported waste as feedstock for waste-to-energy facilities as a safeguard from becoming a dumping ground for foreign waste.

The WTE Bill was among the measures sought by President Ferdinand R. Marcos Jr. in his first State of the Nation Address in 2022. (PNA)