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Bacolod City, Philippines Tuesday, June 23, 2020
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Aboitiz gives P140M
to host beneficiaries
BY CHRYSEE G. SAMILLANO

 

AboitizPower and the Department of Energy (DOE) recently turned over about P140.1 million worth of Energy Regulations 1-94 (ER 1-94) funds to 36 host beneficiaries of AboitizPower business units under the AP Renewables Inc. (APRI), and San Carlos Sun Power Inc. (SacaSun) in San Carlos City, Negros Occidental.

The initial remittance is part of the total P351.6 million ER 1-94 funds generated by AboitizPower’s geothermal and solar facilities. The remaining funds are still being processed and will be turned over to the host beneficiaries as soon as available, a press release from Aboitiz Power said.

The host beneficiaries of APRI and SacaSun include 24 barangays, three municipalities, and two cities in the provinces of Albay, Batangas, Laguna, and Negros Occidental. Regions IV-A, V, and VI, through the Regional Development Council (RDC), will also be given shares that they can allocate to their chosen non-host local government units within their respective regions, the press release said.

ER 1-94 is a program that gives benefit to host communities through the one centavo per kilowatt-hour (P 0.01/kWh) share in the total electricity sales of a power generating facility located within their locality.

The new DOE Circular No. DC2020-04-00080 mandates that the funds can now be utilized for COVID-19 response efforts, in support of the Bayanihan to Heal as One Act.

COVID-19 response initiatives that were implemented by the LGUs include holding areas or distribution centers, medical and PPE supplies, facility decontamination, and relief goods to feed low-income households.

The funding can also be used for mass testing, subsidy programs (non-food items), mobile market, construction of quarantine centers, provision of cremation and burial services, electricity cost subsidies to newly constructed health facilities, among others.

“We don’t know how long this crisis will last. I see the accrued ER 1-94 fund as a blessing. This is God’s provision that our host communities can tap and utilize at this very difficult moment in our nation’s history. May they be able to use this resource to help contain, mitigate, and eventually eliminate the spread of COVID-19 in their respective areas,” Dennis Jordan, AboitizPower Geothermal and Solar Business Units president and Chief Operating Officer said.*

 

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