Finance Secretary Carlos Dominguez 3rd is looking into how foreign governments might be able to help the Philippines speed up the decommissioning and repurposing of its coal-fired power plants, particularly where foreign companies have a significant stake in their continued operation, according to the Department of Finance (DoF).

In a statement on Monday, the DoF said Dominguez discussed the prospect of foreign governments buying out the shares of their nationals who own significant stakes in companies that operate coal-fired power plants in the Philippines.