Pagpasok ng foreign investors sa offshore wind projects, mas pinagaan ng pamahalaan

2 days ago

Pagpasok ng foreign investors sa offshore wind projects, mas pinagaan ng pamahalaan

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Transcript

00:00The economic managers of President Ferdinand R. Marcos Jr.

00:04have made it easier for foreign businessmen to enter the country.

00:08Because the obstacles in the settlement of foreign businessmen in offshore wind projects have been removed.

00:13Here is the center of the news.

00:17The administration will strengthen the settlement of foreign businessmen in the country.

00:22After the economic team of President Ferdinand R. Marcos Jr.

00:26removed the obstacles in the settlement of foreign businessmen in offshore wind projects in the country.

00:32Through the joint efforts of the Department of Environment and Natural Resources

00:37and the Department of Energy after their signing of a Memorandum of Agreement

00:41that requires the use of offshore and auxiliary areas

00:45that are covered by the contracts for the service of offshore wind energy

00:49that will further strengthen the establishment of renewable energy resources in the country.

00:54According to Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Goh,

00:59the so-called agreement on the obstacles in the establishment of offshore wind projects

01:04from faraway countries will be met.

01:06The process of following the guidelines of the environment will be easier

01:12especially that it will pave the way to resolve the limitation of foreign ownership of public land

01:17which is one of the main interests of foreign investors.

01:20In addition, it will pave the way for the strengthening of the potential of the Philippines as an investment hub

01:27while strengthening the renewable energy of the country

01:30which is one of the priorities of the administration in the exploration and development of the economy.

01:35And because of this agreement, the Philippines will be able to encourage foreign investments in offshore projects

01:41that will help the country in its development.

01:43Before the signing of the Memorandum of Agreement,

01:45the government allowed the sector of renewable energy to allow 100% ownership of foreign land

01:51which drew interest from foreign residents.

01:54But it became clear to potential investors of offshore wind projects

01:58that the 40% limitation of foreign equity in public land, exploration, development, and utilization of natural resources

02:06is a reason for the need for the support of local partners to realize the projects of the residents.

02:13But through this agreement, which gives the DOE the right to use the allocated locations for offshore wind energy projects,

02:21foreign residents will be able to access the places needed for the authorized activities of offshore wind through the DOE.

02:31Kenneth Paciente, for Pambansang TV, in Bagong, Philippines.

Pagpasok ng foreign investors sa offshore wind projects, mas pinagaan ng pamahalaan

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