By VG Cabuag - January 30, 2017
CONSUNJI-LED Semirara Mining and Power Corp. said it is setting aside P320 million for its host community projects, otherwise known as corporate social responsibility (CSR) programs, this year.
The spending is in line with the company’s program, which aims to reduce poverty and facilitate development in its host community using a sustained, holistic approach.
“We expect our CSR spending to grow by around 75 percent compared to last year’s P186 million because we are building more community infrastructure and livelihood facilities,” company President and COO Victor Consunji said.
Some P200 million of the expenditures will be used to construct community and livelihood facilities, such as evacuation centers, community park, sea port, river walk and sports facilities.
Another P65 million will be spent on environmental stewardship projects, which include the establishment of a biodiversity center in Semirara Island and progressive inland and mangrove area reforestation.
The rest of the budget will be used to fund community nutrition initiatives in Calaca, Batangas.
“We are closely working with the Department of Energy and the host communities to ensure our CSR efforts are aligned with the national and local government’s priorities. We want to implement projects that best respond to their needs,” Consunji said. The company’s program includes initiatives that address education and training; environmental stewardship; employment and livelihood; electrification and basic infrastructure; and emergency preparedness.
The company, a unit of DMCI Holdings Inc., is the only power producer in the Philippines that generates its own fuel. It produces over 800 megawatt of baseload power for the Luzon grid.