AboitizPower remits P14-M to Davao City LGU

AboitizPower IPO

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 its efforts to combat the effects of COVID-19.

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.