Proposed energy projects under the updated Philippine Energy Plan (PEP), a combination of expansion and greenfield projects, may require a total investment of about P10 trillion until 2040.
The Department of Energy (DOE) is hoping to attract investors for about P10 trillion worth of energy projects under the new PEP, which is targeted to be achieved by 2040, the Manila Bulletin reported.
Updated every year, PEP is the government’s long-term masterplan for the development of the energy sector.
The proposed projects under PEP include the expansion and greenfield power projects for thermal and renewable energy (RE), transmission and distribution, oil and gas exploration, among others.
