Manila Bulletin·3 min read·medium
$60-million US MCC grant takes aim at Philippine energy bottlenecks
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Manila Bulletin Newsroom
✦AI Summary
The Philippines has secured a $60-million grant from the US Millennium Challenge Corporation to modernize its energy sector and eliminate project bottlenecks. The initiative aims to streamline regulatory processes and improve grid reliability to attract more private investment.
Eliminating delays in the country’s power-related projects will be the ultimate goal of the proposed $60-million Millennium Challenge Corp. (MCC) threshold program, according to the Department of Finance (DOF), as it will fund the Energy Development Governance Efficiency Project.
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