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Manila Bulletin devider Philippines devider Luzon devider Davao del Sur receives P16.8-M community shares from Hedcor

Davao del Sur receives P16.8-M community shares from Hedcor

Published Mar 19, 2024 05:35 am

Hedcor, a renewable energy subsidiary of Aboitiz Power Corp. (AboitizPower), continues to contribute to the economic development of Davao del Sur.

COMMUNITY SHARES.jpg

THE provincial government of Davao del Sur led by Gov. Yvonne Cagas (center) receives its community shares from Hedcor, represented  by VP for Operations and Maintenance, Leo Lungay (second from left), with AboitizPower External Relations representative Theodore Bisnar (second from right).

It has released over P16.8-million worth of community shares generated from the total attributable energy sales of its Sibulan A, Sibulan B, Tudaya 1, and Tudaya 2 hydropower plants in 2023.

"These funds will be instrumental in illuminating streets across different municipalities in the province. Solar lights will be installed, ensuring the safety of our people during the night. This aligns with the province's (advocacy of adopting) renewable energy, (fulfilled) in collaboration with Hedcor,” said Davao del Sur Gov. Yvonne R. Cagas.

"We value relationships that empower communities and contribute to grassroots progress," said Hedcor President and Chief Operating Officer Rolando G. Pacquiao.

Over P6.2 million each was given to the provincial government of Davao del Sur and the municipality of Santa Cruz while the city government of Digos received P256,000.

Host barangays in Santa Cruz also received their shares, P1.5 million for Barangay Darong, P2.3 million for Barangay Sibulan, and P291,000 for Barangay Astorga.

"We look forward to collaborating with Hedcor in implementing projects that will drive positive change in the community," said Santa Cruz Mayor Jose Nelson "Tata" Sala.

Last year, the local government units allocated their community shares towards enhancing the health services of their respective communities. This was achieved through enhancements at the provincial hospital and the acquisition of patient transport vehicles.

Hedcor has been generating renewable energy from run-of-river hydropower systems for more than 45 years. 

Aside from 22 hydropower plants located in Ilocos Sur, Mountain Province, Benguet, Davao, and Bukidnon, Hedcor recently added solar power to its portfolio through the San Carlos Sun Power Inc. (SacaSun) facility in San Carlos, Negros Occidental.

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