SHELL Overseas Investments B.V. (Shell) declared it has established a joint venture with Emerging Power Inc. (EPI) to support the Department of Energy's (DoE) latest Philippine Energy Plan.
The joint venture's goal aims to contribute 1 gigawatt (GW) to the country's power systems by 2028 using alternative energy sources. It also aligns with the DoE's plan to increase to 35 percent the share of renewables in the country's power mix seven years from now.
Executives from SHELL Overseas Investments B.V. (Shell) and Emerging Power Inc. (EPI) sign a joint venture agreement to support the Philippines’ Energy Plan. Present at the signing were (from left) Sriram Madapura, Shell head of Renewable Power Development, Asia-Pacific; Jasmine Choo, Shell vice-president for Onshore Power, Asia; Thomas Brostrom, Shell executive vice-president, Renewable Generation; Martin Antonio Zamora, EPI chairman; Lorelie Quiambao Osial, country chairman, Shell companies in the Philippines; and Ronaldo Ibasco, EPI president and chief executive officer. CONTRIBUTED PHOTO
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