Seated (L-R): Claire Marie Yvonne Lee (RTI); Fernando Martin Roxas (CEO, Napocor); Enrique Florencio (Secretary General, ADFIAP); Standing (L-R): George Aquino (ADFIAP); Crisanto Hilario (Vice President, Napocor); Gwendolyn S. Martin (Napocor); Nanette Biason (ADFIAP); Silver Navarro Jr. (ADFIAP); Noel Verdote (RTI); Maria Teresita Lacerna (ADFIAP); John Alianza (ADFIAP)

Representatives from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and the United States Agency for International Development Energy Secure Philippines (USAID ESP), recently held a meeting with National Power Corporation (NPC) President Mr. Fernando Martin Roxas. The meeting aimed to discuss the Climate Resilience Financing Mechanism (CRFM) program initiative of USAID ESP and ADFIAP.

Small Power Utility Groups (SPUGs) in the Philippines have long borne the brunt of climate disasters. Damaged infrastructure from typhoons and floods disrupts power delivery, leaving communities in darkness and hindering economic activity. To ensure reliable power and a brighter future, these SPUGs need to become more climate resilient.

Limited funding, facilities upgrading, and implementing innovative technologies to manage climate disruptions are costly endeavors. Traditional financial institutions often lack specific programs for SPUGs seeking climate-resilient solutions and creating a significant financing gap.

USAID ESP in partnership with ADFIAP, is introducing a financing initiative called the Climate Resilience Financing Mechanisms (CRFM) that aims to help Small Power Utilities Groups (SPUGs) overcome financial challenges and become more resilient. By financing stronger infrastructure and cutting-edge technologies, this program empowers SPUGs to weather climate disruptions, ensuring a reliable supply of electricity for communities and a stronger foundation for economic growth.

This initiative paves the way for a future where SPUGs can not only be a reliable source of power but also bounce back quickly from climate disasters. With strengthened infrastructure and innovative solutions, communities across the Philippines can look forward to a brighter, more resilient future.