(The Philippine Star) | Updated July 12, 2017 - 12:00am
MANILA, Philippines - A
unit of Aboitiz Power Corp. is pushing through with the expansion of the
25-year old run-of-river hydropower plants in La Trinidad, Benguet after
securing approval from the municipal council.
AboitizPower said its
wholly owned subsidiary Hedcor Inc. is tripling the combined capacity of the
Bineng hydro power plant facilities from 5.48 megawatts (MW) to 19 MW by 2019.
Hedcor and the local
government of La Trinidad signed on June 27 a memorandum of agreement to cover
the project and the benefits for the locality.
“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,” La
Trinidad mayor Romeo Salda said.
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.
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.
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