BusinessMirror DTI: RE PROJECTS TO FILL A THIRD OF BOI APPROVALS

By Andrea E. San Juan

I n an interview with reporters, Pascual said, “That’s only for [power] generation.”

T hey are also engaging in talks with a potential investor for renewable energy but related to manufacturing intended for export, Pascual added.

I n line with this, the Trade chief explained that the process of investing in the country is a tedious one, noting, that the feasibility study lasts from half a year to one year.

After this, he said the investor has to apply for registration with BOI or the Philippine Economic Zone Authority (PEZA), which he said would take another year.

At the Offshore Wind Conference held two weeks ago, Pascual invited Chinese firms to bring in their technology and expertise in equipment design and manufacturing for solar and wind power generation.

At the weekend, Jaime FlorCruz, the new Philippine Ambassador to Beijing, revealed that a big Chinese wind power company is interested in investing in the Philippines.