STA. CRUZ, DAVAO DEL SUR, Mar. 20 (PIA) – The local government of Sta. Cruz, this province, recently received a total of P2,942,263.10 as the municipality’s share of royalty tax from HEDCOR Sibulan, Inc. (HSI) for the latter’s hydropower operations in Barangay Sibulan.
HSI Grid Manager Nuel Medelo has turned over a check to Sta. Cruz LGU which was represented by Mayor Joel Ray L. Lopez in a turn-over ceremony on March 11, 2013.
Medelo said that aside from the royalty tax, HSI has also been extending more projects to the community of Sibulan and Sta. Cruz as part of its Corporate Social Responsibility (CSR) like medical missions, community infrastructure support, educational assistance and reforestation projects.
For his part, Mayor Lopez was thankful to have received the said amount considering that it would be a big help to the municipality.
He said that all through the years HSI is one of the biggest taxpayers in Sta. Cruz, adding that “Hedcor has been one of the good things that ever happened to this municipality.”
Hedcor is a wholly-owned subsidiary of AboitizPower which has 19 run-of-river hydropower plants in the Philippines. (MIO-Sta. Cruz /Julius Paner)
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