BOI-DTI awards Certificate of Registration to PH’s first Complex Energy Efficiency Project under CREATE MORE

The Department of Trade and Industry (DTI), through the Board of Investments (BOI), participated in the awarding ceremony of the Certificate of Registration to Philippine DCS Development Corp. (PDDC) on February 18, 2026. PDDC is a joint venture between local conglomerate Filinvest and French energy company ENGIE, and represents the country’s first Complex Energy Efficiency project approved under Republic Act No. 12066 or the CREATE MORE Act.

The P400-million project, set to operate in Alabang, Muntinlupa City, involves the retrofitting and upgrading a facility’s cooling system to improve reliability and significantly reduce energy consumption. As the first complex energy-efficient project granted fiscal incentives under CREATE MORE, the initiative reinforces the government’s push to scale high-impact energy efficiency investments.

Trade Secretary and BOI Chair Cristina A. Roque commended PDDC for stepping up to the challenge and underscored the importance of aligning investment policy with sustainability goals.

“This first-of-its-kind award under the CREATE MORE Act underscores our commitment to making the Philippines a premier destination for smart, sustainable investments. PDDC’s project is a testament to how calibrated fiscal incentives can lead to sophisticated energy solutions that benefit the entire value chain. Through this; we are endorsing a future where Filipino enterprises lead the way in resource efficiency and global industrial standards,” said Secretary Roque.

For Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo, PDDC exemplifies the role of the Third-Party Project Developer (TPPD) in making high-impact, system-level projects possible.

“This award shows what is possible when government policy and private sector innovation work hand in hand. As the country’s lead investment promotion agency, the BOI helps signal where investments matter most. Energy Efficiency and Conservation is clearly identified as a priority—not just as an energy strategy, but as a driver of economic and industrial development,” Undersecretary Rodolfo said.

Beyond its core investment, PDDC will also provide solar panels and its accessories to Filinvest Alabang Elementary School (FAES), anchored in BOI’s Corporate Community Partnership for Development (CCPD) Program, which links corporate tax incentives to a mandatory social obligation for national development. The initiative is also supported by the Academe-Industry Matching! (AIM!) Program, an institutionalized, inter-agency platform designed to improve synergies among academic institutions, industry, and the government.

This collaboration was recognized during the Educational Investment (ENvest) Forum, a platform that synergizes the CCPD and AIM! programs by allowing registered business entities to meet and discuss potential partnerships with academic institutions.

Filinvest Development Corporation (FDC) chief executive officer Rhoda Huang, in her acceptance speech, expressed appreciation to the DTI-BOI, and the Department of Energy (DOE) for the awarding of the certificate.

“Being the first Third-Party Project Developer registered for a Complex Energy Efficiency Project is a milestone. But more importantly, it is a strong signal that the country is serious about scaling energy efficiency—fast, credibly, and with measurable outcomes,” said Ms. Huang.

PDDC general manager Jonathan Z. Urbano emphasized that the awarding of the certificate was a milestone not only for PDDC, but also for sustainable energy efficiency in the Philippines. Meanwhile, Filinvest Land, Inc. COO Ysmael V. Baysa said that as a TPPD, PDDC uses technical expertise and strategic investment to transition the Philippines toward a low-carbon, resource-efficient economy in partnership with the DTI, BOI, and DOE.

The DTI, through various programs, remain steadfast in their efforts to “Make It Happen in the Philippines,” positioning the country as a regional hub for smart and sustainable manufacturing and services. END

For further information on the release, please get in touch with:

DTI-IPG-Board of Investment

Industry and Investments Bldg., 

385 Sen. Gil J. Puyat Ave., Makati City 

Telephone: (+632) 8897.6682 

Email Address: infocomms@boi.gov.ph

Website: www.boi.gov.ph