The Philippine Economic Zone Authority (PEZA) and the Philippine National Oil Company (PNOC) signed a memorandum of understanding (MOU) to jointly explore the development of self-generating industrial parks (SGIPs).
“A common resolve has emerged to develop embedded energy resources, promoting clean and green production and ensuring energy sufficiency through an agency-to-agency collaboration aimed at deploying energy facilities in the ecozones throughout the country,” said PEZA director-general Tereso Panga.
The MOU, signed on Oct. 14, 2024, forms a strategic partnership focused on strengthening the energy sector within PEZA-managed economic zones and identifying new energy projects and business opportunities.
PEZA will provide crucial information, conduct studies and offer logistical support to evaluate the feasibility of developing SGIPs.
The partnership will involve collaboration on various energy initiatives, including solar PV rooftops, retail electricity supply, clean energy promotion, small-scale natural gas and oil and gas infrastructure.
The primary objective of the MOU is to establish closer cooperation between PNOC and PEZA to advance energy projects and explore broader opportunities for collaboration.
“In previous agreements, our focus was on solar rooftops. Today, we are thrilled to establish a more extensive partnership with PEZA as a strategic ally. Our goal is to tackle energy challenges in off-grid islands through Self-Generating Industrial Parks. We aim to provide not only solar rooftops for new buildings but also sustainable, long-term energy solutions,” said PNOC president and chief executive Oliver Butalid.
Both agencies seek to promote investment, stimulate regional growth and revolutionize industrial development across the Philippines.
