Hedcor drives econ growth in DavSur with P14.3 million community shares

HEDCOR, the renewable energy subsidiary of Aboitiz Power Corporation (AboitizPower), continues to bolster economic development in the Province of Davao del Sur with the release of over P14.3 million worth of community shares generated from the total attributable energy sales of Sibulan A, Sibulan B, Tudaya 1 and Tudaya 2 hydropower plants from 2023.

Hedcor President and COO Rolando G. Pacquiao emphasized the importance of community collaboration. “Our cooperative agreement with local governments reflects our dedication to driving local development. We value relationships that empower communities and contribute to grassroots progress,” he said.

Out of the total funds, P5.1 million was given to both the Provincial Government of Davao del Sur and the Municipality of

Santa Cruz, respectively. On the other hand, Digos City received P256,000.

In addition, host barangays in Santa Cruz also received their shares, consisting of P1.5 million for Barangay Darong, P2 million for Barangay Sibulan, and P291,000 for Barangay Astorga.

In 2023, the LGUs allocated their community shares towards enhancing the health services within the province and their respective communities. This was achieved through enhancements at the provincial hospital and the acquisition of patient transport vehicles, further improving the range and quality of community health services.

Mayor Jose Nelson “Tata” Sala expressed his appreciation for the partnership between Santa Cruz and Hedcor, highlighting the positive impact of Hedcor’s projects to the community. “We guarantee

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EMPOWERING COMMUNITIES. Davao del Sur Governor Yvonne Cagas (center) receives the community shares check from Hedcor Inc. VP for Operations and Maintenance Leo Lungay (2nd from left). Present during the ceremony were (L-R) AVP for O&M Mindanao Cris Fuentecilla, ER SouthMin Supervisor Christe Torres, Provincial Treasurer Farah Gemma Bidan, AboitizPower External Relations Theodore Bisnar, and Sibulan-Tudaya Grid Manager Jeffrey Lingatong.

SANTA Cruz Mayor Jose Nelson "Tata" Sala (2nd from right) received the community shares check from Hedcor Inc. VP for Operations and Maintenance Leo Lungay (3rd from left). Present during the ceremony were (L-R) Sibulan-Tudaya Grid Manager Jeffrey Lingatong, AVP for O&M Mindanao Cris Fuentecilla, Municipal Treasurer Julius Ceasar Pejo, ER SouthMin Supervisor Christe Torres, and Municipal Administrator Omar Jason Martel.