Thursday, April 30, 2026

Local

Hedcor turns over ₱5.1M royalty shares to Bukidnon IP communities

0

Central Mindanao Newswatch - local newspaper

Share this post?

MANOLO FORTICH, Bukidnon (December 29, 2024) — Hedcor, the renewable energy asset manager of AboitizPower, has turned over ₱5,140,167.01 in royalty shares to Indigenous Peoples (IP) communities in Bukidnon for 2022-2023. These funds directly benefit the host communities of Hedcor’s Manolo Fortich 1 and 2 hydroelectric power plants, advancing inclusive growth and sustainable development

Five Indigenous Peoples (IP) organizations received their royalties, signifying progress for their communities. The Santiago Tribal Community (SANTRICO), Inc. and Impakibel, Apo Man Asilan Tribal Association were each awarded ₱1,401,529.47. Meanwhile, the Lumikapaw Ka Guihean Tribal Council of Elders and Guilang-Guilang Apo Datu Nanikunan Association, Inc. each received ₱935,578.60. The Buklod Kayantang Tribal Association, Inc. was granted ₱465,950.87. These funds embody a commitment to empowering and uplifting Indigenous communities, going beyond mere financial support.
The funds will be used for initiatives identified by the IP communities themselves, including livelihood assistance, skills training to strengthen economic resilience, scholarships for Indigenous youth, and elder care programs.
The projects will also help empower women entrepreneurs, preserve traditional practices, and advance environmental efforts such as reforestation.
Bae Priscilla Cariaga, President of Buklod Kayantang Tribal Association, Inc., expressed gratitude for the turnover.
“Ang pagtinabangay uban sa Hedcor nagpalambo sa among komunidad. Ang mga pondo makatabang sa pagpreserba sa among kultura, pagtubag sa mga kinahanglanon, ug paghimo og mga oportunidad para sa umaabot nga henerasyon,” she said.
(Working together with Hedcor has developed our community. The funds help preserve our culture, address our needs, and create opportunities for future generations.)
Implemented closely with the National Commission on Indigenous Peoples (NCIP) Region 10, the program ensures that projects align with cultural preservation and ancestral domain protection.
“Through joint efforts, we achieve meaningful progress for Indigenous Peoples, safeguarding their heritage while promoting development,” said lawyer Dexter B. Precioso, NCIP regional legal officer.
Hedcor Vice President for Corporate Services Noreen Vicencio said the giving out of royalty shares underscores Hedcor’s zeal to collaborate with IP organizations to enhance community well-being.
“This turnover is more than just meeting our obligations—it reflects our commitment to a meaningful partnership. We are honored to support the IP organizations’ efforts to advance livelihood, education, and cultural heritage.
By working side by side, we help ensure a lasting, positive impact that strengthens their communities and enriches their future,” Vicencio said.
She reiterated that by returning these royalty shares to the communities, Hedcor continues to advance renewable energy while strengthening communities, protecting cultural identities, and fostering long-term growth and opportunity. (Hedcor-AboitizPower/PIA-10/Bukidnon)

Related Post

CAGAYAN DE ORO CITY (PIA) —The Department of Migrant Workers (DMW)-10 and Department of Education (DepEd)-10 rolled out reintegration programs for returning overseas Filipino workers during the Balikbayang Manggagawa National Reintegration Network Regional Fair on April 13 in Cagayan de Oro City The activity brought together government agencies to provide employment services, livelihood support, and...
CAGAYAN DE ORO CITY —The Department of Environment and Natural Resources in Northern Mindanao (DENR-10) conducted its “Permitting on Wheels” caravan in this city from April 14 to 15, allowing businesses and residents to access faster processing of environmental permits, clearances, and related documents The initiative, done in partnership with the regional offices of the...
CAGAYAN DE ORO CITY —The Department of Agriculture in Northern Mindanao is providing fuel assistance and expanding food access programs as rising transport and farm input costs push inflation higher in the region During the March 2026 Inflation Report virtual press conference on April 14, the Philippine Statistics Authority (PSA)-10 reported that inflation in Northern...