ABOITIZ POWER CORP.’s power generation units in Davao have remitted about P26 million to the city through a program that allows host communities to directly access funds derived from the operations of power plants in their areas.
The units — Hedcor and Therma South, Inc. — remitted the funds under the Department of Energy’s (DoE) policy Energy Regulations 1-94 (ER 1-94). The amount may be fully used for initiatives to fight the impact of coronavirus disease 2019 (COVID-19).
In a statement on Wednesday, AboitizPower quoted Davao City Mayor Sara Duterte-Carpio as saying: “This funding relief couldn’t have come at a more opportune time when resources are badly needed by local governments to battle COVID-19.”
The company said Therma South had also generated funds for its other host communities. It said the unit along with the Energy department had completed its remittances of P17.5 million to Brgy. Binugao, P4 million to Brgy. Inawayan, and P9 million to the province of Davao del Sur.
It added that the unit had also generated P4.6 million for the municipality of Sta. Cruz, with the DoE still set to deliver P1.1 million more.
AboitizPower said beyond Davao City, its hydro unit Hedcor is completing the ER 1-94 remittances for its other host communities within the Davao region, including Brgy. Kapatagan, Brgy. Sibulan, Brgy. Darong, Brgy. Astorga, the municipality of Sta. Cruz, and the province of Davao del Sur.
Hedcor is also host to areas within the Bukidnon province in Mindanao, as well as in Northern Luzon, it added.
