Engie Archives - THEPHILBIZNEWS https://thephilbiznews.com/tag/engie/ Delivering Stories of Progress Tue, 25 Nov 2025 06:51:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://thephilbiznews.com/wordpress/wp-content/uploads/2022/02/favicon.png Engie Archives - THEPHILBIZNEWS https://thephilbiznews.com/tag/engie/ 32 32 ₱400-M energy project to boost PH green industrial growth https://thephilbiznews.com/2025/11/25/%e2%82%b1400-m-energy-project-to-boost-ph-green-industrial-growth/?utm_source=rss&utm_medium=rss&utm_campaign=%25e2%2582%25b1400-m-energy-project-to-boost-ph-green-industrial-growth Tue, 25 Nov 2025 05:35:00 +0000 https://thephilbiznews.com/?p=67310 The Board of Investments (BOI) has approved the registration of the Philippine DCS Development Corporation’s (PDDC) Complex Energy Efficiency Project, with a total investment of around ₱400 million. This project is the first of its kind to receive fiscal incentives under Republic Act No. 12066, also known as the CREATE MORE Act.

Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo met with officials of PDDC and Engie on October 20, 2025, to discuss the details of the project, which will soon operate in Alabang, Muntinlupa City.

First Complex Energy Efficiency Project to receive CREATE MORE incentives. Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo (middle) meets the officials from the PDCC on Oct. 20, 2025. Staff and officials in the photo from left, Ritzi Buena Zaldarriaga (BOI), Lorna Yumul (BOI), Dr. Rose Marie Mendoza (BOI), Usec. Ceferino S. Rodulfo (BOI), Zenon Dimaranan (Head of Key Accounts – Engie), Maria Rosario Balagot (VP for Business Development – PDDC), Jonathan Urbano (General Manager – PDDC).

The initiative focuses on retrofitting and upgrading a facility’s cooling system to improve reliability and energy efficiency. Once operational, it is expected to save 36 percent of energy annually, equivalent to approximately 168 gigawatt-hours (GWh), and prevent around 118,040 metric tons of carbon dioxide (CO₂) emissions. These reductions highlight the project’s role in supporting a low-carbon economy and promoting sustainable industrial growth in the Philippines.

As a Third-Party Project Developer (TTPD), PDDC implements energy efficiency projects on behalf of client companies, providing technical expertise and capital investment to deliver long-term operational savings and emissions reductions. PDDC is a joint venture between local conglomerate Filinvest and French energy company Engie.

BOI staff also conducted a site inspection with Engie engineers and project managers as part of its evaluation and monitoring process.

The BOI stressed that energy efficiency projects not only lower costs and environmental impact but also strengthen the competitiveness and sustainability of Philippine industries. The agency reaffirmed its commitment to enhancing the investment environment and positioning the Philippines as a regional hub for smart and sustainable manufacturing and services.

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