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Philippines: Increased capacity needed to support GDP growth -PCCI.
Section: General News - In a meeting with energy and power players and industry stakeholders, the Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, lauded the AES Philippines, owner of the Masinloc power plant, for its initiative to fast track the upgrading of its power plants.
The PCCI further welcomes the announcement made by Secretary Rene Almendras of the Department of Energy (DOE) at the Infrastructure Summit last November 18 that investors have committed 2,000 MW of additional capacity which will come in 2013.
PCCI notes that a percentage of GDP growth is accompanied by a .68 percent rise in power consumption. …
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