INQUIRER.net: Upscale Peninsula hotel gets P1.3 M in gov’t subsidy

INQUIRER.net Philippine News for Filipinos

Upscale Peninsula hotel gets P1.3 M in gov't subsidy Jul 31st 2013, 06:17 MANILA, Philippines—The Department of Environment and Natural Resources has awarded P1.3-million in subsidies to The Peninsula Manila in Makati City for its environment-friendly air-conditioning system.   The amount represents 15 percent of the cost of its newly installed chiller that uses ozone-friendly refrigerants in compliance with the requirements under the Philippine Chiller Energy Efficient Project (PCEEP), a World Bank-assisted project implemented by the DENR, officials said in a news release.   "Indeed, there is much reward to be had when you are ozone-friendly," Environment Secretary Ramon Paje said.   He handed a check for P1,362,438 ... Keep on reading: Upscale Peninsula hotel gets P1.3 M in gov't subsidy Media files: peninsula-hotel-600x448.jpg (image/jpeg)

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