Government Ramps Up Infra, Enterprise Support For Surigao Norte IPs

Ang mga proyekto ng DA-13 sa Surigao Norte ay alinsunod sa layunin na bigyang suporta ang Mamanwa tribe sa kanilang pag-unlad.

NEDA Board Oks Enhanced E-Voucher Food Stamp Program

Pinagtibay ng NEDA Board ang Enhanced E-Voucher Food Stamp Program, isang hakbang para sa mas magandang seguridad sa pagkain at kalusugan ng mga Pilipino.

Philippines, United Kingdom Near GBP5 Billion Infra Deal Under G2G Partnership

Ang pagtutulungan ng Pilipinas at UK ay nagbubukas ng bagong mga pagkakataon sa pamamagitan ng isang G2G partnership sa imprastruktura.

Aparri Marine Research Hub To Boost Blue Economy, Coastal Livelihood

Ang marine research hub sa Aparri ay nagbibigay-daang sa mga pagsisikap na palakasin ang kabuhayan ng coastal communities at ang kanilang resilience.

Renewable Energy Investments Dominate PHP1.9 Trillion Green Lane Projects

DTI Secretary Alfredo Pascual revealed that 51 out of 59 projects endorsed for green lane treatment are focused on the renewables sector.


Renewable Energy Investments Dominate PHP1.9 Trillion Green Lane Projects

3510
3510

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Department of Trade and Industry (DTI) Secretary Alfredo Pascual said Tuesday 51 out of 59 projects endorsed for green lane treatment are in the renewables sector.

During the awarding of Green Lane Certificate to Prime Infrastructure Inc. in Parañaque City, Pascual said the One-Stop Action Center for Strategic Investments (OSAC-SI) under the Board of Investments (BOI) has granted green lane endorsements to 59 projects worth PHP1.9 trillion as of April 1.

The 51 renewable energy (RE) projects with a green lane certification amounted to PHP1.57 trillion.

Other projects under green lane include four digital infrastructure investments worth PHP302.16 billion, two food security projects worth PHP29.61 billion, and two manufacturing projects worth PHP3.4 billion.

Through Executive Order (EO) 18 signed by President Ferdinand R. Marcos. Jr. in February 2023, OSAC-SI provides endorsement to strategic investments for green lane treatment in concerned national government agencies and local government units.

“President Marcos Jr. mentioned during the Bagong Pilipinas Kick-off Rally last January that services must be fast, projects must be completed on time, deadlines must be met as scheduled, and distress calls must be responded to promptly. He also emphasized that red tape must be replaced with a red carpet in any government office,” Pascual said.

The DTI chief added that EO 18 “exemplified the administration’s keen reform efforts to address investor pain points.”

The latest projects endorsed for green lane treatment are Prime Infra’s 1,400-megawatt Pakil Pumped Hydroelectric Power Project and the 600-MW Wawa Pumped Storage 1 Hydroelectric Power Project, with investment values of PHP296 billion and PHP143 billion, respectively. (PNA)