Province of Davao del Sur receives over P21.5M community shares from Hedcor
The recent releases brought the total amount received by contiguous LGUs and IP groups to P156 million since 2010, when Hedcor started releasing the revenue shares to them.
Hedcor, the run-of-river hydropower arm of Aboitiz Power Corporation (AboitizPower), intensified its support to the local government units (LGUs) and host communities in the province of Davao del Sur by releasing over P21.5 million worth of community shares generated from the total attributable energy sales of Sibulan A, Sibulan B, Tudaya 1 and Tudaya 2 hydro power plants from last year.
Hedcor President and COO Rolando G. Pacquiao said the community shares are part of the cooperative agreement between the company and the local government to help drive local development.
Aside from the community shares, Hedcor will be working with the [LGU] and community leaders in implementing [a] series of health, education, and livelihood projects this year, in partnership with the Aboitiz Foundation, to help spur grassroots development and invigorate partnership with the community,” said Mr. Pacquiao.
Of the total amount, P6.2 million each went to the Provincial Government of Davao del Sur and the Municipality of Santa Cruz, while an amount of P260,000 was given to Digos City.
In addition, host barangays in Santa Cruz also received their shares, consisting of P2 million for Barangay Darong, P1.5 million for Barangay Sibulan, and P260,000 for Barangay Astorga.
As part of efforts to help preserve the rich culture and tradition of indigenous peoples (IP), community shares allocated for their development programs, such as access road openings, energization projects, tribal halls and water systems, were also completed and turned over to the Barangay Tribal Council of Sibulan, Sta. Cruz, Kapiid Ka Banua, Inc. and Tudaya Falls Tribal Association.
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