Philippines President Rodrigo Duterte Met CIMC CEO & President Mai Boliang

The “Belt and Road Forum for International Cooperation” kicked off in Beijing on May 14, 2017. Philippines President Rodrigo Duterte received CIMC CEO & President Mai Boliang during the forum. The two sides exchanged views on CIMC’s energy and power supply and investment in the Philippines and reached initial consensus.

President Duterte spoke highly of Chinese government’s “Belt and Road” Initiative and actively encouraged Chinese enterprises to invest in the Philippines. Mr. Duterte said he has been committed to raising the people’s living standard since he took office. The country has made significant progress in environmental protection, law and order as well as anti-corruption campaign, but its general infrastructure, energy infrastructure and supply ability call for immediate improvement; and the government needs to do more for the people. The Philippines now has a wealth of investment opportunities, and the government will also offer various incentives to foreign investors and create a favorable investment environment for them. 

Mr. Mai said CIMC is a world leading supplier of logistics and energy equipment and services. CIMC will be actively involved in the “Belt and Road” construction and strive to deliver premium and reliable equipment, services and solutions to the countries along the “Belt and Road” by relying on its own industrial strength. CIMC is keen to get involved in the Philippine’s energy and power development plan by providing LNG supply, logistics service and island LNG-fired power generation solutions and launching other investment projects. With plentiful experience in energy infrastructure, especially in LNG, CIMC hopes that it can expand electricity access to more regions and islands in the Philippines and help the Philippines government improve the people’s standard of living so as to do its part in safeguarding the harmonious and pacific relation of the two countries for common development.

As is known to all, the Philippines has stepped into a rapid development stage with a large energy gap. According to statistics, the country’s population hit 100 million in 2014, and the GDP grew at 6% or above in 2012-2016. However, the responsive energy supply has been held back by underdeveloped energy infrastructure, aging power supply equipment, short supply and high price. In recent years, the country has made energetic efforts in promoting clean energy, especially the development and application of clean energy in LNG. CIMC Enric and CIMC Offshore, as two world-leading general contractors of energy equipment, have developed products and services covering the whole industrial train of LNG and are capable of providing the Philippines with integrated solutions from upstream resources to downstream operation.

At the end of the meeting, President Duterte expressed his high recognition of CIMC’s brand strength and spirit of candid cooperation, promising on the spot that he would spare no efforts in advancing the above-mentioned investment projects and leading the people in pursuing a happy life.

The ministers of the Department of Energy, Department of Foreign Affairs and Department of Transportation and Communications of the Philippines, along with other cabinet members, president of Philippine National Oil Company (PNOC), CIMC Vice-President Gao Xiang and CIMC Raffles President Wang Jianzhong, also attended the meeting.