The Department of Energy (DoE) has tapped the United States Agency for International Development (USAID) to aid in its goal to achieve energy security.
Through the Energy Secure Philippines (ESP) Activity Co-Design Workshop hosted by the USAID, the DoE seeks to spur inclusive economic growth in the power sector.
In a statement, Energy chief Alfonso G. Cusi underscored that his agency aims to build a resilient energy sector by increasing private investments to promote advance technology deployment.
“The US remains a solid ally and one of the country’s major trading partners. We are hopeful that our collaboration to promote energy security and development will be sustained and even enhanced,” Cusi said.
“This activity comes at an opportune time for the energy sector, as it plays a crucial role in promoting sustainable economic development, especially now that the country is gearing to recover from the Covid-19 pandemic,” he added.
We are hopeful that our collaboration to promote energy security and development will be sustained and even enhanced.
The Energy chief further said that the DoE expects the country to benefit from the ESP’s mobilization of private sector investments to encourage more engagement and collaboration with non-governmental entities to implement complementary interventions.
“We anticipate that the project will contribute to our shared goals with the US government’s Asia-Enhancing Development and Growth through Energy or Asia-EDGE Initiative to help combat poverty and foster economic progress,” Cusi added.