Private sector urged to invest more in RE

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An official of the Mindanao Development Agency (MinDA) called on the private sector to invest more in renewable energy so the Philippines would not be affected by events outside the country. “Becau…

An official of the Mindanao Development Agency called on the private sector to invest more in renewable energy so the Philippines would not be affected by events outside the country.

He was apparently referring to the war between Russia and Ukraine that sent oil prices through the roof. Rolando Lina-ac, the vice president for operations of Iligan Light and Power, Inc., suggested that the city strengthen the preferential allocation from the Power Sector Assets and Liabilities Management .

 

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