LGUs receive Php 140.1M ER 1-94 funds from AboitizPower and DOE

LGUs receive Php 140.1M ER 1-94 funds from AboitizPower and DOE

AboitizPower and the Department of Energy (DOE) recently turned over around Php 140.1 million worth of Energy Regulations 1-94 (ER 1-94) funds to some 36 host beneficiaries of AboitizPower business units AP Renewables, Inc. (APRI) and San Carlos Sun Power, Inc. (SacaSun).

The initial remittance is part of the total Php 351.6 million ER 1-94 funds generated by AboitizPower’s geothermal and solar facilities. The remaining funds are still being processed and will likewise be turned over to the host beneficiaries as soon as available.

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 (LGUs) of APRI and SacaSun within their respective regions.

ER 1-94 is a program that gives benefit to host communities through the one centavo per kilowatt-hour (PHP 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 so far implemented by the said LGUs include holding areas or distribution centers, medical and PPE supplies, facility decontamination, and relief goods to feed low-income households during this prolonged quarantine period.

The said funding can also be utilized for mass testing, subsidy programs (non-food items), mobile market to ensure uninterrupted availability of essential goods, construction of quarantine centers, provision of cremation and burial services, electricity cost subsidies to newly constructed health facilities, and all other reasonable means or measure to mitigate, contain, and eliminate the transmission of COVID-19.

AboitizPower Geothermal and Solar Business Units President and Chief Operating Officer Dennis B. Jordan said, “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.”

Other News

AboitizPower’s I-REACH program wins Philippine Quill

AboitizPower’s Integrated Response and Awareness towards COVID-19 Hazards (I-REACH) program bagged the Award of Excellence at the recently held Philippine Quill Awards, the country’s most distinguished awards program in the field of business communication.During the virtual awarding ceremony on March 25, the International Association of...

Aboitiz releases 13th or 14th month pay of team members in advance

The Aboitiz Group announced it will release the 13th- or 14th-month pay of regular team members in the first week of April, ahead of the December and April scheduled payouts as the National Capital Region and nearby provinces are placed under  Enhanced Community Quarantine once...