KASAMA SA PAG-UNLAD: AboitizPower subsidiaries named top taxpayers

AboitizPower IPO

AboitizPower’s run-of-river hydropower arm Hedcor was named as one of Davao City’s top 10 real property taxpayers during the recognition ceremony named “Pasidungog: Garbo sa Dabaw 2019” on March 15.

Other AboitizPower subsidiaries such as Therma South, Inc. (TSI) and Davao Light and Power Co. were also cited as top taxpayers last year, indicating their role in helping shape the growing city through their support.

Davao City Mayor Sara Duterte-Carpio lauded the support of the city’s top taxpayers and highlighted their importance in the city.

“Like firewood that kindles the bonfire, our private partners have been our assets vital to shaping Davao City into the bustling, vibrant city it is today. We commend the top business and real property taxpayers and we want you to know that your taxes are being translated into programs and services for the Davaoeños, ” Duterte-Carpio said.

This was not the first time AboitizPower subsidiaries were commended by the Davao City government as they have been consistently in the city’s top taxpayers for several years.

The recognition strengthens AboitizPower group’s commitment to being a stronger partner for development with its vision of advancing business and communities.

Davao Light, the country’s third largest electric distribution utility, holds franchise for distributing power to Davao City as well as Panabo City and the municipalities of Carmen, Dujali, and Sto. Tomas in Davao del Norte.

TSI operates the 300 MW baseload power plant of AboitizPower in Binugao, Davao City, while Hedcor manages several hydropower facilities in Davao.

 

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