PH target for $25-B Indo-Pacific coalition energy investments
Manila: The Coalition for Emerging Market Infrastructure Investment (CEMII) is eyeing the Philippines to be the initial market for its USD25-billion Indo-Pacific-wide energy investments, Department of Energy (DOE) Secretary Raphael Lotilla said. In a statement Monday, Lotilla welcomed the announcement of CEMII for choosing the Philippines to be its focus market for energy investments among the United States-led Indo-Pacific Economic Framework (IPEF) economies. CEMII was convened by Indo-Pacific Partnership for Prosperity (IP3) and co-chaired by Global Infrastructure Partners and KKR. Other partners that committed to pour in capital under CEMII include Allied Climate Partners, BlackRock, Brookfield, GIC, The Rockefeller Foundation,