Guillaume Lucci, CEO of infrastructure firm Prime Infra, is advocating for a diversified approach to address the Philippines’ energy crisis, combining renewables, natural gas, and hydropower rather than focusing solely on clean energy. The country, which imports 98% of its oil from the Gulf, declared a nationwide energy emergency on March 24 following the closure of the Strait of Hormuz. Prime Infra’s portfolio includes the Malampaya gas field, the Wawa hydropower dam (26.5 billion Philippine pesos, approximately $500 million), and a nascent waste-to-energy business. Founded in 2017 with backing from Filipino billionaire Enrique Razon Jr., the company made its first international acquisition in March by purchasing Colombian oil and gas company SierraCol Energy from private equity firm Carlyle.
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