Published July 13, 2017, 10:01 PM
AboitizPower is set to triple the
combined capacity of its Bineng hydro power plant facilities to up to 19 MW by
2019 after receiving the approval of the municipal council of La Trinidad,
Benguet.
The Bineng Combined Hydropower
Project, to be carried out by AboitizPower subsidiary Hedcor, will increase the
capacity of the three Bineng plants from the current 5.48 MW to 19 MW.
Hedcor and the local government unit
of La Trinidad signed on June 27 the Memorandum of Agreement to cover the
project and the benefits for the locality.
Since its entry in Benguet in 1986,
Hedcor has sustained its growth momentum. Starting from the rehabilitation of
four hydroelectric power plants owned by the City of Baguio, the company later
on constructed its own generation facilities in the municipalities of La Trinidad,
Sablan, Tuba, Bakun, and Itogon.
Mayor Romeo Salda of La Trinidad
welcomed the project. “We are positive that this development will have great
impact on the municipality’s growth. The local government will play an active
role in making this project a success,” he said.
In addition to being a reliable
power supplier, Hedcor and AboitizPower are strong partners in the
socio-economic development of the community.
In 2016, the La Trinidad local
government unit received about P77 million as its barangay and municipal share
from the operation of the hydropower plants. Moreover, Hedcor’s business tax,
real property tax, and national wealth tax in 2016 reached P67 million.
The municipality of La Trinidad has
also received corporate social responsibility (CSR) projects worth P13 million,
to date. These projects include farm-to-market roads, school buildings, and
loans to cooperatives involved in the cut flower business.
No comments:
Post a Comment