Applications not processed within the given time frame, the energy secretary said, will be considered approved.
Duterte signed the order on June 28, establishing the inter-agency Energy Investment Coordinating Council, which is tasked with simplifying and streamlining the approval process of big-ticket projects.
Those projects, identified collectively as Energy Projects of National Significance, may range from power generation to transmission or related services. To qualify, they must each have a capital investment of at least 3.5 billion Philippine pesos ($69 million), significant contribution to economic development and complex technical processes and engineering designs.
Further, Cusi said the Philippines has adopted a “technology neutral” approach and included renewable sources of energy such as geothermal, hydro, solar and wind in the power producing mix.
“We (have not placed) any preference on any technology because we need to build up our capacity and we have to do it fast,” he said.