IN a bid to harness its renewable energy (RE) potential, the provincial government of Nueva Vizcaya has taken a proactive approach to attract investors in renewable energy, particularly hydro and solar power projects.
It started by hosting its first Connecting Low Emission Alternatives Energy Investment Forum at the Carlos Padilla Convention Center in the capital town of Bayombong on Sept. 11.
In attendance were private sector entities, and officials and representatives from government agencies, including the Department of Energy, Department of Environment and Natural Resources, National Commission on Indigenous Peoples, Department of Trade and Industry, Bureau of Investments, Land Bank of the Philippines and Development Bank of the Philippines.
According to Edgardo Sabado, provincial planning and development officer, the forum showcased the province’s vast hydro and solar power potential, particularly in upland municipalities.
“These areas, covered by Certificate of Ancestral Domain Titles of various Indigenous Peoples, hold significant opportunities for renewable energy development,” Sabado said.
Gov. Jose Gambito emphasized the province’s commitment to promoting renewable and sustainable energy programs.
He said that the provincial government has already taken concrete steps, including the installation of solar panels in major buildings within the provincial capitol complex, with an initial allocation of P51 million.
Gambito’s “Silaw ti Umili,” or Light for the Villagers program, with a funding allocation of P14.7 million, aims to provide solar power to 3,000 households in far-flung yet mountai–nous communities.
Gambito said that with its rich natural resources, peaceful environment and government support, “Nueva Vizcaya offers a promising opportunity for investors to contribute to the province’s growth while promoting environmental sustainability.”
Along with the province’s insurgency-free designation, the RE programs make Nueva Vizcaya an attractive hub for major investments. Government and private partners can carry out projects with fewer security-related disruptions.
“As the province continues to attract investors and develop its renewable energy potential, its residents can look forward to a brighter, more sustainable future,” Gambito said. LEANDER C. DOMINGO