The Philippines is now allowing full foreign ownership in large-scale geothermal projects, Energy Secretary Alfonso Cusi said.
Cusi had signed a department circular on October 20, stating guidelines for the 3rd open and competitive selection process in the awarding of"From an investment perspective, OCSP3 allows for 100% foreign ownership in large-scale geothermal exploration, development, and utilization projects," said Cusi in his recorded speech.
FTAAs may be entered into by foreign contractors and the Philippine government for large-scale exploration, development, and utilization of natural resources. These are signed by the President.
China join the chat.. Lol
WHAT
We have large local energy companies already who can invest in this. Why the need to allow 100% foreign ownership?
Isang malaking katangahan n nmn ng gobyerno.
Metro Mla & big cities are congested which results to over population, poverty,crime among other social ills.why don’t govt seriously considers migration of poverty stricken families in urban cities to a new paradise of their own.if bong go did it pandemically why cant they?
fuck!
Is this why Cusi stopped badgering NGCP about the China security risks?
why?
Sounds more like a sell-out of the people...
😱😱 nkakainis
WTF
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