PEZA says Japanese investors have interest in Philippines renewable energy

Japanese investors have expressed serious interest in investing on the Philippines renewable energy sector, Philippine Economic Zone Authority (PEZA) officer-in-charge Tereso Panga said on Thursday.

Panga said a business forum is being held in Tokyo, Japan, which aims to develop ecozones and improve exports.

"Nakita po natin na may interes po sila, serious and heightened interest, in areas of renewable energy... nandiyan din po 'yung electronic vehicle as well as 'yun pong agro-industrial sector. Dito po nakatuon ang ating interes at 'yung energies natin para lalo pang mahikayat silang mamuhunan sa Pilipinas," he said in a public briefing.

(We saw that they have interest, serious and heightened interest, in areas of renewable energy, including electronic vehicle and the agro-industrial sector. We are focusing our energies on these so we can encourage them to invest in the Philippines.)

Panga said he could not provide figures yet on the investment pledges made during the business forum. He said an agreement was also signed to improve the biotechnology sector.

He also said the PEZA had met with Taiwanese investors before wherein investment pledges worth at least US$ 65 million were made.—AOL, GMA Integrated News