IN observance of the second year of commercial operation of the 42.5-MW Sibulan Hydroelectric Power Plant, the wholly-owned subsidiary of AboitizPower, Hedcor Sibulan, Inc. recently awarded generation shares to its host communities amounting to P10.1 million.
“What else can we ask for if Hedcor initiated its own moves of helping the community of Davao del Sur? Hedcor is sincere enough of serving our community,” Provincial Governor Douglas Ra. Cagas said.
The province of Davao del Sur and the municipality of Sta. Cruz received P3 million each. Barangay Sibulan got P1 million plus P300,000 for its annual fund and Barangay Darong received P500,000 plus P150, 000 for its annual fund.
“We will make sure that the amount given by Hedcor will all go to the people,” Municipal Mayor Joel Ray Lopez said.
The indigenous people’s community of Bagobo-Tagabawa get their quarterly shares and so far have received a total of P2 million.
Hedcor’s generation shares are over and above the Energy Regulation 1-94 mandated by Department of Energy (DoE) where communities will get one centavo per kilowatt-hour of the electricity sales of an energy-generating facility.
Aside from the generation shares, Hedcor partnered the Davao del Sur Electric Cooperative (DASURECO) to energize the still unelectrified barangays of Davao del Sur. For this, Hedcor turned over P3 million to DASURECO to realize this goal. The P2 million is for the electric posts and power lines to connect the recipient-households, while the P1 million is for the use of operation and maintenance expenses of DASURECO’s own initiated projects.
On top of the annual shares, Hedcor in partnership with Aboitiz Foundation, Inc. consistently conducts Corporate Social Responsibility (CSR) projects focusing on health, education, energization, reforestation and livelihood. Since 2008, more than P 5 million has been dispensed for CSR projects alone.
Hedcor is a wholly-owned subsidiary of AboitizPower, the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It is a major producer of Cleanergy, its brand for clean and renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country.