Sunday, December 19, 2010

Agusan del Norte, Aboitiz firm cooperate on the environment

Business World Online

Posted on 11:06 PM, December 19, 2010

CAGAYAN DE ORO CITY -- Aboitiz Power Corp. and the Provincial Environment and Natural Resources Office of Agusan del Norte recently signed a memorandum of agreement to undertake various projects to mitigate the effects of climate change, a company statement read.

As part of this cooperation, Aboitiz Foundation -- the group’s social responsibility arm -- has started tree-planting activities in Barangay Amontay in the town of Nasipit, a project the company said it will replicate in other parts of the country.

Besides this environment conservation thrust, the company has also been engaged in community support in areas its units operate.

Therma Marine, Inc., a wholly owned subsidiary of Aboitiz Power that operates a 100-megawatt power barge in Nasipit, awarded grants to 15 high school students in the town during the launch of Aboitiz Power’s corporate social responsibility program in the province earlier this month. The grant covers school expenses of qualified students until graduation. From the 15, at least 10 will be selected for college scholarship, the company said.

In that same event, Aboitiz Power also donated computers to the Nasipit National Vocational School.

Besides Therma Marine’s two power barges (the other one now based in Compostela Valley), Aboitiz Power also runs major power plants in other parts of the country, including the Ambuklao-Binga hydroelectric complex in Benguet, the Magat plant in Isabela and the mini-hydroelectric plants operated by Hedcor, Inc. It also owns distribution utilities like Visayan Electric Co. and Davao Light & Power Co. Aboitiz Power also plans to build a 200-megawatt coal-fired power plant project in Davao City. -- LGD

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