“We hope that strategic EE investments do not outrightly exclude retrofitting and system upgrades,” Philippine Energy Efficiency Alliance President Alexander D. Ablaza toldin a Viber message, adding that the majority of EE projects needing third-party funding are retrofits and upgrades for existing buildings and industrial facilities.
Mr. Ablaza said any such exclusions will not help achieve the broader objective of raising up to P12 trillion in capital to help over 33,000 designated establishments comply with their obligations under the Energy Efficiency and Conservation Act.
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