By
Estefany Mae Tawagon
Hedcor, Aboitiz Power’s
run-of-river hydropower subsidiary, on its commitment to power Benguet, Mt.
Province and Ilocos Sur with Cleanergy, remitted P7.9M to these local government
units from the Energy Regulations 1-94 (ER1-94) fund.
“In
accordance with the Bayanihan to Heal as One Act, host LGUs can maximize ER
1-94 shares in mitigating the repercussions brought by the pandemic,” says Andy
Faelnar, AVP of Hedcor Group.
Faelnar said
ER 1-94 funds will be used for electrification, development, livelihood
programs, reforestation, watershed management, health, and environmental
enhancement programs.
But with the
Bayanihan Act, host LGUs can also opt to use funding for the construction of
COVID-19 facilities and procurement of medical testing kits and supplies to
name a few.
The revised
provision of the ER 1-94 now allows direct remittance of ER funds from the
Hedcor Group to its host communities.
This revision
streamlines the implementation of the ER 1-94, which grants host communities
one centavo for every kilowatt-hour generated by Hedcor.
Hedcor is
currently downloading the remaining P670k which will bring the total remittance
to its host LGUs to P8.63M.
On the other
hand, Hedcor Group remittances before 2018 that are with DOE are also being
downloaded by the agency to the LGUs.
More than the
streamlining of processes, Hedcor’s direct involvement in the actualization of
projects further emphasizes the strong sense of partnership between Hedcor and
its host communities.
A Hedcor press
statement said the power firm “recognizes that in this trying times of
uncertainty and fear, we are stronger together.”
In support of
the government’s efforts to flatten the COVID-19 curve, Hedcor donated P1
million worth of relief food packs and medical supplies to its host communities
and frontliners.
Hedcor
operates 11 hydropower facilities in Luzon with a total installed capacity
of 142 MW of Cleanergy, its brand for clean and renewable energy.
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