Thursday, December 28, 2017

Philippines: New Rules Would Confirm Allowance of Foreign Ownership of Geothermal Projects

DoE draft rules allow foreign ownership for biomass (and geothermal) projects (Business World)

The DoE has given industry participants until Jan. 3, 2018 to submit their filings.

The Philippines Department of Energy (DoE) has solicited comment from the industry on a proposed circular that seeks to amend previous rules governing the transparent and competitive system of awarding renewable energy service contracts.

“In the case of the exploration, development or utilization of biomass and geothermal resources, the applicant may either be a Filipino or foreign, natural or juridical, citizen,” according to the draft, which has a January 2018 target issuance date.

The proposed department circular (DC) amends DC 2009-09-0011 or the guidelines governing a transparent and competitive system of awarding renewable energy or operating contracts. The old circular, which was issued on July 12, 2009, also provides for the registration process of renewable energy developers.

Under DC 2009-09-0011, only the development of geothermal resources is listed as open to foreign ownership. Comments to

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