THE Makati Business Club (MBC) urged the government to apply the build-operate-transfer (BOT) model to the power grid industry to prepare the grid for the entry of renewables.
In a statement on Thursday, the MBC called for the issue of an executive order allowing BOT grid projects.
“This would allow third-party investors, whether private sector, or government-owned and -controlled corporations, to build needed transmission infrastructure, and accelerate grid development, both of which are critical to achieving reliable, affordable, renewable energy (RE),” it said.
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