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Wednesday, January 26, 2011

Stock News 2011: AboitizPower reiterates need for flexible RE policies

Illustration: Different types of renewable energy.Image via Wikipedia
AboitizPower Corp. reiterated the need for more flexible policies that would help reduce the barriers that hinder the development of small as well as large-scale renewable energy plants.

“Requiring the same studies, permits and fees from a 1-megawatt (MW) renewable energy plant as a 50-MW will discourage the development of small-scale plants in favor of larger-scale plants, even if the potential capacity in the country for small plants exceed that of the larger plants,” company senior vice president Luis Miguel Aboitiz pointed out during his speech at the Renewable Energy Conference & Expo Manila 2010.

Aboitiz made the call as he shared insights on the policies that face companies in starting out greenfield projects in renewable energy.

AboitizPower, which currently represents one of the largest private renewable energy producers in the country, sponsored the event as part of its commitment to encourage both businesses and individuals to support energy solutions that will leave a lighter impact on Earth’s resources and promote the usage of cleaner and renewable energy.

http://www.mb.com.ph/node/300711/aboitizpower-reiterate


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