The Energy Department is set to declare a geothermal project with a capacity of over 100 megawatts as the first energy project of national significance under Executive Order 30.
“I’m ready to declare one company as a project of national significance geothermal… Local firm, I don’t know who are behind. It’s a Filipino corporation,” Energy Secretary Alfonso Cusi said over the weekend.
EO 30 tasked the council to streamline the regulatory procedures affecting energy projects.
Cusi said he was supposed to sign the the project of national significance last week but had to ensure other agencies were aligned. He declined to give further details on the project.
He said the project was selected because of the difficulty in developing indigenous power development projects.
