AboitizPower turns over P6M to hosts

AboitizPower

AboitizPower

The International Finance Corp. (IFC), the private-sector arm of the World Bank Group, has committed $100 million to…

Forty-four families from an underserved community in Marikina City received formal land titles Wednesday, marking a…

The AboitizPower and the Municipal Disaster Risk Reduction and Management Office (MDRRMO) of Mariveles conducted the…

Forty-four families in Marikina City have formally secured ownership of the land they have occupied for years after…

LA TRINIDAD, Benguet — The host municipalities and barangays of Aboitiz Power have received more than P6 million as their shares.
Reinforcing its commitment to inclusive growth and sustainable development, Hedcor, the run-of-river hydropower arm of Aboitiz Power Corporation (AboitizPower), has turned over more than P6 million in community shares to its host municipalities and barangays in Benguet.
These funds are expected to help improve local infrastructure, enhance public services and support livelihood programs that benefit thousands of residents across the province.
With nine run-of-river hydropower facilities operating in Benguet, Hedcor plays a key role not only in providing clean and renewable energy but also in advancing community well-being through long-term partnerships with local government units.
Through the community shares, which are part of the Energy Regulation (ER) 1-94 program of the Department of Energy, Hedcor has contributed to rural electrification, disaster response, educational support and community-based medical missions — efforts that continue to strengthen both the local economy and social services.
The recent turnover of community shares marks another step forward in Hedcor’s partnership with Benguet’s municipalities.
The Municipality of Sablan received over P2 million, while three of its barangays received a combined P1.3 million.
According to Mayor Alfredo Dacumos Jr., the funds will be directed toward projects that improve mobility, expand access to markets and support agricultural development.
“As the fruit basket of Benguet, our priority is agriculture. We aim to establish Sablan as a recognized
agricultural hub. These funds will directly support our farmers and help ensure food security for our community,” he said.