, Philippines

Philippines tries to woo China, Japan for $135b worth of power projects

It eyes boosting capacity by 43GW in the coming years.

Bloomberg reported that the Philippines is seeking investment from China and Japan for $135 billion worth of power projects that President Rodrigo Duterte’s government is ready to fast-track.

The Southeast Asian nation has held discussions with China, Japan, Russia and other countries about helping it boost generation capacity by 43 gigawatts in the coming decades to stabilize its power supply as the economy expands, according to Energy Secretary Alfonso Cusi. 

View the full report here.

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