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Philippines Government Posts P2.3-billion Savings from Better Energy Management

Philippines Government Posts P2.3-billion Savings from Better Energy Management

May 22nd, 2007

The combined initiatives of the private sector and government to efficiently manage energy consumption resulted in a hefty P2.3-billion cost savings for Philippines.

The implementation of the government energy management program for both the power and oil sectors resulted in P613.86-million worth of savings...

The Philippine businesses’ energy efficiency index, as compared to their global counterparts, was seen faring well. It surpassed the achievements of Brazil, China, Malaysia, Germany, Turkey, Poland, Hong Kong, Mexico and India.

The set of incentives being offered by international institutions and nongovernment organizations also serve as stimulus for government and private sector entities to practice energy efficiency and conservation initiatives.

Read the full post from here @ ASEAN Energy News Service

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