Hedcor turns over ₱5.1M royalty shares to Bukidnon Indigenous Communities
By MB Business
Hedcor, the renewable energy asset manager of AboitizPower, has turned over ₱5,140,167.01 in royalty shares to Indigenous Peoples (IP) communities in Bukidnon for 2022-2023. These funds directly benefit the host communities of Hedcor’s Manolo Fortich 1 and 2 hydroelectric power plants, advancing inclusive growth and sustainable development.
The royalty shares were distributed to five IP organizations including Santiago Tribal Community (SANTRICO), Inc. who received ₱1,401,529.47; Impakibel, Apo Man Asilan Tribal Association with ₱1,401,529.47; Lumikapaw Ka Guihean Tribal Council of Elders with ₱935,578.60; the Guilang-Guilang Apo Datu Nanikunan Association, Inc.with ₱935,578.60; and the Buklod Kayantang Tribal Association, Inc. who received ₱465,950.87.
These funds will support initiatives identified by the IP communities themselves, including livelihood assistance, skills training to strengthen economic resilience, scholarships for Indigenous youth, and elder care programs. The projects will also help empower women entrepreneurs, preserve traditional practices, and advance environmental efforts such as reforestation.
Bae Priscilla Cariaga, President of Buklod Kayantang Tribal Association, Inc., expressed gratitude for the turnover, "Ang pagtinabangay uban sa Hedcor nagpalambo sa among komunidad. Ang mga pondo makatabang sa pagpreserba sa among kultura, pagtubag sa mga kinahanglanon, ug paghimo og mga oportunidad para sa umaabot nga henerasyon (Working together with Hedcor has developed our community. The funds help preserve our culture, address our needs, and create opportunities for future generations)."
Implemented in close coordination with the National Commission on Indigenous Peoples (NCIP) Region 10, the program ensures that projects align with cultural preservation and ancestral domain protection. “Through joint efforts, we achieve meaningful progress for Indigenous Peoples, safeguarding their heritage while promoting development,” said Atty. Dexter B. Precioso, NCIP Regional Legal Officer IV.
Hedcor Vice President for Corporate Services Noreen Vicencio noted, “This turnover is more than just meeting our obligations—it reflects our commitment to a meaningful partnership. We are privileged to support the initiatives the IP organizations have chosen to advance their livelihood, education, and cultural heritage. By working side by side, we help ensure a lasting, positive impact that strengthens their communities and enriches their future.”
By returning these royalty shares to the communities, Hedcor continues to advance renewable energy while strengthening communities, protecting cultural identities, and fostering long-term growth and opportunity.