Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Marcos orders DoE shift to permit processing in parallel

by
October 1, 2024
in Top News
0
Marcos orders DoE shift to permit processing in parallel
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

PRESIDENT Ferdinand R. Marcos, Jr. said the Department of Energy’s (DoE) method of expediting power project approvals can be fine-tuned further by resorting to simultaneous permit processing, avoiding the waiting time caused by sequential approvals.

Mr. Marcos made the remarks at a Palace meeting about the DoE’s Energy Virtual One-Stop Shop (EVOSS), according to the Presidential Communications Office.

“Well, you continue to work on the permitting process,” he told DoE officials. “So, we try to get as close as possible to the simultaneous processing.”

In his third address to Congress, the President ordered the DoE to entrust to a digital one-stop shop its permit approval process for power projects.

As of Sept. 27, the DoE reported that at least 56 of 103 energy-related processes had been folded into EVOSS, which was rolled out in 2020.

The government is aiming for 100% integration of all energy-related application processes into EVOSS by June 2028.

At a Cabinet meeting, Mr. Marcos also told Energy Secretary Raphael P.M. Lotilla to inform agencies in advance about the DoE’s impending endorsement of a project to allow them to start their own permitting process right away.

The Energy Regulatory Commission said last year that EVOSS would cut the processing time for quasi-judicial rulings to 270 calendar days from more than a year previously.

Last week, the DoE said it has issued endorsements to eight renewable energy (RE) projects and one battery energy storage system.

The Board of Investments on Sept. 26 said it had endorsed P3.74 trillion worth of RE projects for green-lane treatment as of Sept. 25. The investment promotion agency said 114 RE projects had been endorsed to the One-Stop Action Center for Strategic Investments since February 2023.

The Philippines is trying to boost the share of RE in the energy mix to 35% from the current 22%, eventually rising to 50% by 2040.

Energy Undersecretary Sharon S. Garin has said battery technology is evolving fast enough for the Philippines to meet its RE targets. She said the agency was looking to attract more battery system companies to introduce their systems in the Philippines, which will help RE projects overcome the intermittent nature of their power sources. — John Victor D. Ordoñez

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Baguio’s congressional race begins

Baguio’s congressional race begins

Recommended

New report urges utilizing new laws to advance social welfare through local spending

New report urges utilizing new laws to advance social welfare through local spending

October 14, 2024
DigiPlus seeks gaming license in Brazil

DigiPlus seeks gaming license in Brazil

August 19, 2024
Dole tax petition vs Davao junked

Dole tax petition vs Davao junked

October 6, 2024
New Balance Foundation Offers Opportunity for Activity

New Balance Foundation Offers Opportunity for Activity

September 4, 2024
7 Key Steps to Successfully Implement AI in Your Business in the UK

7 Key Steps to Successfully Implement AI in Your Business in the UK

September 2, 2024
Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

September 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved