A joint venture backed by Filinvest Land, Inc. is highlighting a stronger private-sector drive toward low-carbon, cost-efficient operations in the Philippines after its energy efficiency arm secured a key government endorsement.
The Philippine DCS Development Corp. has received a Certificate of Registration from the Board of Investments, becoming the first third-party project developer approved under the CREATE MORE Act for a large-scale energy efficiency initiative.
The registration was awarded during a ceremony led by Trade Secretary and BOI Chairman Cristina Roque. The recognition underscores the government’s push to attract private capital and technical expertise into industrial decarbonization and energy management.
PDDC’s Complex Energy Efficiency Project involves an investment of about P400 million to retrofit and upgrade a major cooling system at a commercial facility in Alabang, Muntinlupa City. The project aims to improve operational reliability while cutting electricity consumption in one of the most energy-intensive building systems.
Once completed, the retrofit is projected to reduce annual energy use by 36 percent, equivalent to roughly 168 gigawatt-hours. It is also expected to prevent about 118,040 metric tons of carbon dioxide emissions each year. The savings are seen to translate into lower operating costs for locators and tenants at a time of fluctuating power prices.
Structured as a joint venture between Filinvest Land and ENGIE Services Philippines, PDDC deploys capital and engineering expertise under long-term performance contracts, reinforcing the role of private firms in accelerating the country’s transition to more sustainable and competitive operations.
