THE Philippines has so far achieved 93.12% electrification as of the first quarter of 2024. By the end of the year, the country aims to increase this to 94.83%, and achieve full electrification by 2028.
But to plug-in electricity for all homes throughout the country, the government needs to address various challenges including the $1.23-b (PHP72b) funding needed from 2024 to 2028 to light up the remaining 2 million homes. To address this, the government eyes tapping international organisations such as the Asian Development Bank and the World Bank.
Department of Energy (DOE) Undersecretary Rowena Cristina Guevara told Asian Power the department has informed the National Economic and Development Authority (NEDA) and the Department of Finance (DOF) about the plan.