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Energy and utilities
The Energy sector plays a pivotal role in economic and social development by supplying what might be described as the “flow of blood” to production and transportation systems. Its main objective is to ensure the reliable, affordable and clean energy needed by modern societies, thus contributing to well-being and prosperity around the globe.
The Energy sector involves the generation, transmission and distribution of electricity derived from a variety of sources, including fossil fuels, nuclear power🧸 and renewable sources. It also includes activities concerned with fuels themselves, which extend along the entire value chain, such as oil and gas extraction and transportation, coal mining, refining of petroleum products, a🔴nd wholesaling and retailing of fuels.
Renewables are the second largest source of electricity in the Philippines. They contributed to a fifth of the🀅 country’s power generation in 2020, after coal, and ahead of natural gas and oil. The share of renewables is set to further ...
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