Philippines Second Energy Transition and Climate Resilience DPL (WB-P510184)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Philippines
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 25, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of the Republic of the Philippines
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
  • Law and Government
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,020.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 5, 2026

Disclosed by Bank Sep 23, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the World Bank, the development objective of Second Energy Transition and Climate Resilience Development Policy Financing Program is to support Government of the Philippines reforms to:

(1) scale up adoption of clean energy technologies;
(2) increase the security, flexibility and competition of electricity markets; and
(3) improve water management across water uses.

The Philippines Development Plan (2023-2028), anchored in AmBisyon Natin 2040, sets out the Government's vision for a prosperous, inclusive, and climate-resilient economy, focusing on poverty reduction, job creation, and economic transformation while strengthening resilience to climate and disaster risks. The program is structured around three pillars:

  • Pillar 1 focuses on scaling up adoption of clean energy technologies, with renewable energy expansion and efficiency measures central to the country's energy transition and climate goals.
  • Pillar 2 supports increasing the security, flexibility, and competition of electricity markets, recognizing that a well-functioning and competitive electricity system is essential to ensure reliable and affordable power.
  • Pillar 3 aims at improving water management across water uses through governance reforms and institutional strengthening at national and local levels.

The program aligns with the World Bank Group's Country Partnership Framework and corporate priorities by supporting private sector-led growth, climate action, and improved service delivery, while advancing gender inclusion and mobilization of private capital. It builds on prior reforms in the energy and water sectors and supports the Maximizing Finance for Development approach by addressing policy, regulatory, and institutional constraints, enabling increased private investment and strengthening climate resilience and sustainable infrastructure development in the Philippines.

The implementing agencies are the Department of Energy, the Department of Environment and Natural Resources, and the Energy Regulatory Commission.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leaders:

Bipulendu Narayan Singh - Senior Energy Specialist
Feng Liu - Senior Energy Specialist
Ma Fiorella Delos Reyes Fabella - Senior Water Supply and Sanitation Specialist

No contacts provided at the time of disclosure.

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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How it works