Hedcor

Sibulan locals reap fruits of their lands leased to hydro firm

AT THIS early, the Sibulan Hydropower Plant is already showing positive impact on the lives of the residents of barangay Sibulan in the town of Sta. Cruz, Davao del Sur as almost 400 residents are now enjoying regular income from leasing a portion of their lands to Hedcor Sibulan, Inc., ­­­the developer of the 42.5-megawatt hydropower plant in the said barangay.

A total of 62 hectares of land are being rented and are utilized by the 42.5 MW Sibulan Hydropower Plant for its components such as weirs, conveyance pipes, head pond, power plants and offices.

We consider ourselves as lucky when Hedcor decided to come here,” Sibulan local Servillano Estuesta said. “We now have steady inflow of income by leasing portions of our lands to Hedcor. Aside from that, my son was employed by Hedcor,” he added.

It has been the practice of Hedcor to give priority employment opportunities to the residents of its host barangays or communities for as long as they meet the qualifications required for the job.

This month, more than P8-million were disbursed to the local landowners as payment to the lands rented. Rental of the lands is renewable every 25 years with an increase in the leasing fee of 5 percent for every five years.

On top of the financial benefits provided to the landowners, they also receive free seedlings (such as durian, coconut and lanzones) through the Hedcor’s watershed management program.

Hedcor Sibulan, Inc., who serves as partner of growth in the area, is a wholly-owned subsidiary of AboitizPower.

-o0o-

PHOTO CAPTION: Hedcor accounting staff release checks totaling to P8.5 million  to local residents of Barangay Sibulan as payment for the lands rented and occupied by the 42.5 MW Sibulan Hydropower Plant.

 

For information:
karen.padawag-aboitiz.com 
Tel 082 222 4839

Like
Like Love Haha Wow Sad Angry

Leave a Reply

Your email address will not be published. Required fields are marked *