5 UK energy firms to explore opportunities in Phl

MANILA, Philippines - Five energy companies from the United Kingdom (UK) are in the country to explore business opportunities.

According to the UK Embassy, the delegation led by UK’s trade envoy to the Philippines George Freeman will be in the country until Wednesday (June 18).

The companies part of the delegation are Lloyds Register (energy; retail; marine and management systems); NiSoft (geothermal, gas, coal and oil); OST Energy (solar, wind, bio-energy, power plants, environmental services); Sgurr Energy (onshore and offshore wind, solar, wave and tidal, hydro) and Wind Prospect (onshore and offshore wind, solar and hydro).

The visit is intended to boost trade and investment relations between the UK and the Philippines.

Freeman is the UK Prime Minister’s first trade envoy to the Philippines.

Freeman is one of only 14 envoys appointed by British Prime Minister David Cameron to selected high-growth and developing markets.

His appointment demonstrates the UK’s strong confidence in the growth of the Philippine economy as well as its intention to deepen its economic ties with the country.

During the visit, Freeman will hold meetings with high-level government officials, local business leaders and the British business community.

He will also formally open the British Business Center run by the British Chamber of Commerce Philippines, located in the Bonifacio Global City.

The center is expected to provide high quality services to assist British firms seeking to do business in the Philippines.

The representatives of the UK energy companies, meanwhile, will meet with government officials and local key industry players who seek to forge commercial partnerships and explore opportunities in energy solutions.

Given the energy demand growing at about five percent per annum in the Philippines, UK which has world leading expertise and extensive capabilities across the energy sector, is interested in checking out opportunities here.