P400-M energy efficiency project makes BOI list
A P400-million complex energy-efficiency project in Muntinlupa City has officially registered with the Board of Investments (BOI). This marks the first such approval under the Philippines’ flagship investment incentives program.
In a statement on Saturday, the BOI said it granted on Feb. 18 the certificate of registration to Philippine DCS Development Corp. (PDDC). It is a joint venture between Philippine conglomerate Filinvest and French energy firm ENGIE.
The project is the first complex energy-efficiency initiative to receive incentives under Republic Act No. 12066, also known as the CREATE MORE Act (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy).
First approved by the BOI in November, the initiative will retrofit and upgrade the cooling system at PDDC’s Alabang facility.
Once operational, the project is projected to save 36 percent of energy annually or roughly 168 gigawatt-hours, equivalent to avoiding about 118,040 metric tons of carbon dioxide emissions.
“PDDC’s project is a testament to how calibrated fiscal incentives can lead to sophisticated energy solutions that benefit the entire value chain,” Trade Secretary Cristina Roque said.
Beyond the facility upgrade, PDDC will provide solar panels and accessories to Filinvest Alabang Elementary School. This will be done through the BOI’s Corporate Community Partnership for Development Program.
For its part, PDCC said the registration is a milestone in advancing sustainable energy in the Philippines.
“It is a strong signal that the country is serious about scaling energy efficiency—fast, credibly and with measurable outcomes,” said Filinvest Development Corp. CEO Rhoda Huang.
Energy projects continued to drive BOI investments in 2025, accounting for P970.09 billion in pledges or 62.19 percent of total investments.
“As the country’s lead investment promotion agency, the BOI helps signal where investments matter most. Energy efficiency and conservation is clearly identified as a priority,” added BOI managing head and Trade Undersecretary Ceferino Rodolfo.
For 2026, however, the Department of Trade and Industry expects registration activity to shift away from capital-intensive renewable energy ventures. Thus, a lower BOI approval target of P1 trillion.
