Similarly, investors in the Philippines are struggling with a slow regulatory approval process. This does not only restrict project developers of renewable energy, but potential investors in any type of power plant, who are requested to sign a large number of permits from multiple government agencies before becoming operational (Pangalangan, 2016). With the Philippines suffering from frequent electricity outages and some of the highest electricity prices in Asia, there are multiple economic benefits to be reaped by simplifying permit procedures and easing restrictions on foreign investments.