Philippine DCS Development Corporation (PDDC) was formally awarded a Certificate of Registration by the Department of Trade and Industry (DTI) and the Board of Investments (BOI), becoming the Philippines’ first registered Third-Party Project Developer (TPPD) for a Complex Energy Efficiency Project granted fiscal incentives under the CREATE MORE Act.
At the recognition event, DTI Secretary Ma. Cristina A. Roque handed the certificate to PDDC with a challenge to view this recognition not as an endpoint, but as a starting point to a platform of expanded opportunities and even greater contributions to national development.
“Let this event remind us that the progress we envision cannot be achieved by government alone. It is built through continuous partnership between the public and private sectors—one that advances innovation, responsibility, and shared accountability. With champions of energy efficiency and conservation like PDDC, we are confident that we are moving closer to our collective goals,” she said.
Senior officials from DTI, BOI and the Department of Energy (DOE), Filinvest Development Corporation (FDC), Filinvest Land, (FLI), Engie and other partners joined the event to celebrate the landmark public–private collaboration for system-level energy efficiency projects.
“Being named 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. And make no mistake: we are here to deliver exactly that,” said Rhoda A. Huang, FDC President and CEO.
PDDC is a joint venture forged in 2015 between Filinvest Land, Inc. and Engie, a multinational Energy Efficiency company based in France. The company owns and operates the largest district cooling system in the Philippines, located in Northgate Cyberzone, Alabang.
The registered project entails the comprehensive energy-efficiency upgrade of Festival Mall’s cooling systems in Filinvest City, backed by an investment of over PHP 400 million. The initiative is projected to deliver approximately 36% in annual energy savings, equivalent to 5,691 MWh, significantly reducing the mall’s overall energy consumption. In environmental terms, the project is expected to avoid around 3,983 tons of carbon emissions each year—comparable to powering roughly 1,581 households or removing an estimated 866 cars from the road.
PDDC General Manager, Jonathan Urbano said: “Together with Engie, we knew that if we could transform the way we design, execute and operate cooling systems — targeting 30 to 50% savings in electricity consumption, we would not only reduce costs, but make a meaningful contribution to a more sustainable future. This was our opportunity to truly move the needle, delivering real, measurable impact and setting a new benchmark for many more to follow.”
As the first complex energy-efficiency project registered under the TPPD program, this demonstrates how the private sector’s technical expertise, private capital, and government policy can work together to accelerate the country’s transition to a low-carbon and energy-resilient future.
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