PROJECT DESCRIPTION
The U.S. government, through the U.S. Agency for International Development (USAID), launched on Monday, June 28, its flagship project to support a more competitive, secure, and resilient Philippine energy sector. The five-year, Php1.6-billion ($34 million) Energy Secure Philippines (ESP) project will promote the country’s key energy sector priorities and support its climate mitigation goals. Through the Energy Secure Philippines Project, the U.S. will work with Philippine government and private sector partners to improve the performance and efficiency of energy utilities, deploy renewable energy systems, enhance competition in the power sector, and address energy sector cybersecurity. The U.S. government will also mobilize more than Php36 billion ($740 million) in private sector investment and help develop at least 500 megawatts of clean energy generation capacity.
ADDITIONAL INFORMATION
USAID’s Energy Secure Philippines activity will also enhance energy security and reliability by using advanced technology to counter cyber threats and by increasing competition through the full operationalization of the retail market.
RTI leads the locally-led implementing consortium with Philippines partners including Wisenergy Inc., Philippine League of Local Environment and Natural Resources Officers, Inc., Full Advantage Philippines, Inc., Penwood Corporation, and targeted support from U.S. partners CESI/EnerNex, and ViT Tall LLC. This consortium provides deep experience in energy security development, including experience supporting national and local governments as well as utility and private sector partners to improve performance and increase resilience.