Energy officials are now in Palawan promoting the country’s search of exploration and investment proponents as part of the broader goal of attaining self-sufficiency in power generation.
Department of Energy (DoE) Assistant Secretary Caron Lascano delivered opening remarks at the local road show of the Philippine Conventional Energy Contracting Program for Petroleum at The Legend Palawan Hotel on Thursday.
The local road show remains focused on the goal of self-sufficient energy by the introduction of new contracting programs for exploration and development investment opportunities.
Following the kick-off of the Philippine Conventional Energy Contracting Program (PCECP) international roadshow in Singapore last month, the DoE conducted the first of three local roadshows Thursday in Puerto Princesa City, Palawan.
“The DoE is actively promoting the PCECP as it will ensure both the energy security and self-sufficiency of our country. Our petroleum exploration and development activities have been feeble, considering our last major find was made a decade ago,” Energy Secretary Alfonso G. Cusi said.