AboitizPower remits P14-M to Davao City LGU
- April 29, 2020
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The Aboitiz Power Corporation has recently remitted its share of Energy Regulations 1-94 (ER 1-94) Program funds worth P14 million to the government of Davao City to assist
The Aboitiz Power Corporation has recently remitted its share of Energy Regulations 1-94 (ER 1-94) Program funds worth P14 million to the government of Davao City to assist
The Department of Energy (DOE) will also remit its share of funds through the program, in which the local government of Davao City is seen to receive a total of P26 million.
Mayor Sara Duterte-Carpio expressed gratitude to AboitizPower on behalf of the city.
“This funding relief couldn’t have come at a more opportune time when resources are badly needed by local governments to battle COVID-19. We thank DOE, as well as Hedcor and Therma South of AboitizPower for making this proactive move and providing us with additional resources to help step up our anti-COVID campaign,” she was quoted in a statement.
The DOE issued Department Circular 2020-004-00080, ordering the use of the ER 1-94 funds to cushion the impact of COVID-19.
The ER 1-94 Program is a policy under the DOE Act of 1992 and the Electric Power Industry Reform Act of 2001 (EPIRA), which stipulates that host communities will get a share of one centavo for every kilowatt-hour (P0.01/kWh) generated by power plants operating in its area.