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Foreign investor eyes partnership on renewable energy investment in Davao
- Source:http://www.pna.gov.ph/index.php?nid=2&rid=876377
- Thursday, April 14, 2016
- (PNA), JMC/LCM/DIGNA D. BANZON/LDP
DAVAO CITY, April 14 (PNA) -- A private investor from Belgium is mulling on a possible investment partnership on renewable energy (RE) in Davao to address the increasing demand of supply in the region.
This was disclosed by Davao City Chamber of Commerce and Industry, Inc. (DCCCII) president Bonifacio Tan, who met the Trade Commission of Belgium in the Philippines and Head of the Commercial Department of the Belgian Embassy, Mia Abela to discuss the prospects for RE investment.
In an interview Wednesday, Tan said there was nothing definite as yet but said "we welcome any investment that would address the power problem here."
The meeting between the Belgian Trade Commission with DCCCII was part of the continuing efforts of exploring trade and business opportunities in Davao by foreign and domestic investors.
Tan said RE investment was just one of the planned collaborations for developing trade and business partnership between industries and companies that focused more on agriculture sector.
Tan said they would welcome the move if government would ask those currently operating Independent Power Plants (IPPs) would also invest on renewable energy like the solar power.
He said it could be an alternative source of power in the region given the increasing demand of power supply.
Tan said the rotating brownouts in Davao have affected everybody, the business sector as well.
Although he did not give figures as to losses incurred by the business sector he said it has an effect to the operation.
Among those that badly affected are the manufacturing business although most of them had acquired generating sets.
"We are hopeful that this will normalize soonest," he said.
DCCCII being the main anchor of the annual Davao Agri Trade Expo (DATE) has invited Ms. Abela to DATE 2016 on Sept. 22-24, 2016 at SMX Convention Center, SM Lanang Premier where an exhibit is also being mounted for both foreign and local exhibitors.