MANILA, Philippines –
The Government of the Philippines (GPH) and the U.S. Government, through the
U.S. Embassy in Manila today launched a new program that will help the
Philippines bring down the cost of power.
U.S. Ambassador to the Philippines, Philip S. Goldberg joined Secretary
Arsenio M. Balisacan, Director-General, National Economic and Development
Authority and Secretary Carlos Jericho L. Petilla, Department of Energy to
launch the Energy Policy and Development Program (EPDP).
Funded by the U.S. Embassy Manila’s United States Agency for International
Development (USAID) and implemented by UPecon Foundation, Inc., EPDP is a
four-year, Php225 million ($5 million) project that aims to strengthen the GPH
capacity to formulate evidence-based policies and strategies for the
cost-effective use of energy resources towards environmentally-sound energy
development.
“The Philippines has become one of the fastest-growing economies in Asia
and represents new opportunities for trade and investment that create jobs.
Crucial to this, businesses need stable supply and low cost power to be
competitive while households need access to reliable and affordable electricity
to be productive,” Ambassador Goldberg said. “This new partnership will help
develop and promote knowledge, research and best practices in the energy sector
that will be important to sustain the impressive growth achieved by the
Philippines in the recent years.”
EPDP will work to promote an energy policy and reform agenda. It will
operate as an independent think tank that guides and informs policy and
decision-making, and provides inputs to establish an academic and policy program
at the University of the Philippines. EPDP will also help inform private sector
business strategies in ways that support sustainable economic development.
“The Philippine Development Plan Midterm Update 2011-2016 emphasizes the
need for sustainable, reliable, and efficient use of energy resources, as well
as the development of environment-friendly energy technologies. The EPDP can
provide invaluable guidance to stakeholders in the energy sector and
policymakers in government in the crucial years ahead,” NEDA Secretary Balisacan
said.
Key to advancing EPDP’s research agenda, the program will assist the
University of the Philippines School of Economics to develop institutional
linkages with U.S. universities and institutions with expertise in the energy
sector, to include: University of Hawaii, Tufts University, Massachusetts
Institute of Technology, International Food Policy Research Institute, and
University of California Energy Institute.
EPDP builds upon a long history of partnership between the United States
and the Philippines, which was solidified under the bilateral Partnership for
Growth (PFG). “The U.S. Government, through USAID will continue to support the
Government of the Philippines’ efforts to reduce the high cost of electricity
and promote access to affordable power,” said USAID Mission Director Gloria D.
Steele.
Under the PFG, both governments are addressing the most serious constraints
to inclusive growth in the Philippines. EPDP contributes to this by fostering a
more competitive business environment for the country through sustained and
affordable energy supplies.