‘Com­pelling’ yet in­spir­ing

Sun.Star Cagayan de Oro - - Billboard -

“Re­ally com­pelling yet in­spir­ing!”

This was how FDC Misamis Power Cor­po­ra­tion (FDC Misamis) Pres­i­dent and Chief Ex­ec­u­tive Of­fi­cer Juan Eu­ge­nio L. Roxas de­scribed the Capi­tol’s 2018 Tax Awards that re­cently feted FDC Misamis as the num­ber one real prop­erty tax­payer in the en­tire Misamis Ori­en­tal from Jan­uary up to the end of the third quar­ter (Q3) of 2018.

“With the re­cent award, FDC Misamis is com­pelled to do more and im­prove its ser­vices to main­tain its sta­tus of be­ing num­ber one among the real prop­erty tax pay­ers in the prov­ince,” Roxas said. “It is quite en­cour­ag­ing that the Capi­tol rec­og­nized our ef­forts for re­li­giously pay­ing our taxes.”

He added that it is in­spir­ing, too be­cause the com­pany is de­ter­mined to fur­ther take care of the peo­ple within its host com­mu­ni­ties through var­i­ous cor­po­rate so­cial re­spon­si­bil­ity (CSR) pro­grams and projects.

FDC Misamis, a wholly-owned sub­sidiary of FDC Util­i­ties, Inc. (FDCUI), the util­i­ties and in­fra­struc­ture arm of Fil­in­vest De­vel­op­ment Cor­po­ra­tion (FDC), op­er­ates a 3x135-MW cir­cu­lat­ing flu­idized bed coal ther­mal plant at PHIVIDEC In­dus­trial Es­tate in Vil­lanueva town.

The com­pany re­mit­ted a to­tal of P251,732,084.96 to PHIVIDEC as of the end of Q3 this year.

Of the to­tal amount, P60,698,039.72 went di­rectly to the Provin­cial Gov­ern­ment’s cof­fer, Provin­cial Trea­surer Ron­ald Jame Vi­olon said.

“In­deed, FDC Misamis re­ally made a sig­nif­i­cant and re­mark­able con­tri­bu­tion to the prov­ince,” Vi­olon said.

Vi­olon added that the huge tax col­lected by the capi­tol will be used for de­vel­op­ment pro­grams spe­cially in the health sec­tor, in­clud­ing sus­tain­able feed­ing for kids.

“We ac­knowl­edge and rec­og­nize, there­fore, the sup­port of all the com­pa­nies lo­cated in the prov­ince, es­pe­cially FDC Misamis for their ef­forts of pay­ing taxes at the right time,” Misamis Ori­en­tal Gover­nor Yevgeny “Bambi” Emano said.

Misamis Ori­en­tal, there­fore, is blessed with Fil­in­vest choos­ing to in­vest in the prov­ince, es­pe­cially in the power in­dus­try, Emano said.

Taxes col­lected, he added, will boost the Capi­tol’s de­liv­ery of ba­sic ser­vices to the Misamis­nons.

He said ef­fec­tive tax col­lec­tion will also en­hance our ad­vo­cacy on good gover­nance.

“Let me grab this op­por­tu­nity to thank the Go­tia­nun fam­ily, their pres­i­dent, Mr. Johnny Roxas, and all the men and women of Fil­in­vest for pay­ing your taxes, for serv­ing our peo­ple and for bring­ing de­vel­op­ment in the is­land of Min­danao,” he said.


Vi­olon said the award­ing cer­e­mony held at the Capi­tol grounds on Nov. 26 was just a mere “pasasala­mat (grat­i­tude)” to all real prop­erty tax pay­ers in the prov­ince, who made re­mark­able tax con­tri­bu­tions this year.

“For quite so long, we didn’t have this kind of award­ing un­til we re­al­ized that it’s re­ally a must now just to say thank you to our tax pay­ers,” he said.

Vi­olon added that it is also aimed at “en­tic­ing” more and more in­vestors or lo­ca­tors in the prov­ince to do their share of pay­ing their taxes promptly.

Roxas said no mat­ter how sim­ple the award is, the mean­ing of such re­ally im­pacted FDC Misamis to strive more in the up­com­ing years.

“Hence, aside from Gov. Emano, we also would like to thank all Misamis­nons for ac­cept­ing and sup­port­ing us in op­er­at­ing a power plant here in MisOr,” he added.

FDC Misamis is some­how one among those who ad­dressed the re­cur­ring brownouts in Min­danao some­times from 2013 to 2015.


With the cur­rent no­table in­crease of 17.27 per­cent on Min­danao power de­mand from Jan­uary to De­cem­ber 2018, Roxas said FDC Misamis’ ex­pan­sion is now in the off­ing.

The firm’s pres­i­dent said they have no choice but to pre­pare for the un­stop­pable “mush­room­ing” of busi­nesses on Min­danao is­land.

He also dis­pelled crit­i­cism that FDC Misamis is sell­ing its gen­er­ated power to var­i­ous Min­danao elec­tric co­op­er­a­tives at a high price.

“Ours is the cheapest and most de­pend­able in Min­danao, so far,” Roxas re­it­er­ated.

“The claims of some de­trac­tors are purely defam­a­tory in na­ture. All of our ex­ist­ing power con­tracts are tai­lored fit to the ac­tual needs of our re­spec­tive cus­tomers and went through the strictest eval­u­a­tion and scru­tiny of the En­ergy Reg­u­la­tory Com­mis­sion. FDC Misamis have been pro­vid­ing re­li­able and sus­tain­able power to Min­danao cus­tomers at a rate most fa­vor­able to con­sumers for the past two years and will con­tinue to do so in the years to come,” Roxas em­pha­sized.


AWARD. Misamis Ori­en­tal Gov. Bambi Emano beams as he gives the plaque of ap­pre­ci­a­tion to FDC Misamis Power Cor­po­ra­tion (FDC Misamis) Pres­i­dent and CEO Juan Eu­ge­nio L. Roxas as a ges­ture of grat­i­tude to the Go­tia­nun-led power firm as the No.1 Real Prop­erty Tax­payer in the en­tire prov­ince.

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