AboitizPower firms remit P14 million to Davao City gov’t to help fight COVID-19

Published April 29, 2020, 12:00 AM

by manilabulletin_admin

By Armando Fenequito Jr.

DAVAO CITY – The Aboitiz Power Corporation (AboitizPower) has recently remitted its share of Energy Regulations 1-94 (ER 1-94) Program funds to the city government here to support efforts to combat the coronavirus disease 2019 (COVID-19) pandemic.

(MANILA BULLETIN)
(MANILA BULLETIN)

In its statement released Tuesday, April 28, afternoon, the city government acknowledged that it was one of the host beneficiaries of AboitizPower generation units Hedcor and Therma South, Inc. (TSI), and that through ER 1-94, these AboitizPower units have already remitted P14 million.

AboitizPower said the local government of Davao City was slated to receive a total of P26 million as the Department of Energy (DOE) also prepares to remit its share of funds through the program.

Mayor Sara Duterte said, in a statement, the funding relief couldn’t have come at a more opportune time as resources are badly needed by local governments to battle COVID-19.

Duterte thanked the DOE, as well as Hedcor and Therma South of AboitizPower for making a proactive move and providing the city with additional resources to help step up its anti-COVID 19 campaign.

On April 6, DOE issued Department Circular 2020-004-00080, dictating that the ER 1-94 funds received by host communities of power generation companies may now be used in full for efforts towards managing the effects of COVID-19.

AboitizPower has since shown its full support for its beneficiaries nationwide, as local government units throughout the country continue their battle against the new virus. About half a billion worth of ER 1-94 funds are currently available for AboitizPower’s host LGUs across Luzon, Visayas, and Mindanao for their COVID-19 response efforts.

The ER 1-94 Program is a policy under the DOE Act of 1992 and the Electric Power Industry Reform Act of 2001 (EPIRA), which stipulates that host communities will get a share of one centavo for every kilowatt-hour (P0.01/kWh) generated by power plants operating in its area.

 
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