Share this on:
 E-mail
9
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view omeroscar's profile
    Posted April 3, 2014 by
    omeroscar
    Location
    Manila

    More from omeroscar

    Phl receives P120M grant for energy project

     
    THE Philippines has received a P120-million grant from the European Union (EU) for power efficiency project called "Switch to High Efficiency Motors" (HEMs), a report said Thursday.
    The report said the project aims to conclude the benefits of high-efficient motors to public and private sectors in the Philippines.
    Delegation of the EU Attaché for Environment, Energy and Climate Change Matthieu Penot said this is the first partnership of EU with sugar millers in Philippines and the whole Southeast Asian region for an energy project.
    ”Europe is supporting long list of projects already in the Philippines also in ASEAN promoting energy efficiency. This is the first partnership with the sugar mill industry,” Penot said.
    HEMs is a three-year project solely funded by EU in partnership of Institute of Integrated Electrical Engineers of the Philippines Inc. (IIEE), European Chamber of Commerce of the Philippines (ECCP) Asia Society for Social Improvement and Sustainable Transformation, Inc. (ASSIST), Association of Development Financing Institutions in Asia and the Pacific (ADIFIAP), Association Action for Sustainable Development (ASD), and International Copper Association Southeast Asia (ICASEA) and in association with Philippine Sugar Millers Association, Inc. (PSMA), Bank of the Philippine Islands (BPI) and the Department of Energy (DOE).
    The project aims to increase the deployment of more efficient motors and drive systems in the Philippine industries, with sugar millers as the pilot industry; design a model investment and financing schemes; implement a replicable pilot projects; and mobilize key stakeholders from both public and private sectors.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story