Philippine Board of Investments (BOI) is giving more incentives to registered projects that will be supplying electricity by installing their own renewable energy facility.
Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said that Memorandum Circular (MC) 2023-006 signed last Oct.16 updated the guidelines on giving perks on energy efficiency and conservation (EE&C) projects under the special laws listing of the 2022 Strategic Investment Priority Plan.
Rodolfo said the amendments to the BOI MC 2022-008 is a fulfillment of President Ferdinand R. Marcos Jr.’s promise during his visit to Tokyo February to provide support to Japanese companies and other investors who will build their own renewables facilities to supply their own power demand.
