Saturday, February 22, 2025

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

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)

Investments in NorMin still up despite COVID-19, says NEDA

CAGAYAN DE ORO CITY, (March 1/PIA) – “For the last year 2020, our Board of Investments (BOI) in region 10 reported that we have investment pledges amounting to P32 billion. We are [ranked] no. 4 nationwide and no. 1 in Visayas and Mindanao area, indicating that our investors have confidence in our region,” said National Economic Development Authority (NEDA)-10 Regional Director Mylah Faye Aurora Cariño.

In a recently held virtual press conference of the Northern Mindanao Inter-Agency Task Force for COVID-19, Cariño said the investors are still interested in putting up their investments in the region despite the threat of COVID-19.

Among the projects approved as reported by BOI are the expansions of energy generating companies and a medical service [company].

Cariño also shared that many investors had processed their proposed investments in 2020 but were affected by the pandemic; however, they have resumed this year.

“Aside from those projects, a medical facility in Bukidnon might also open this year, and a food [company] is under negotiation and has resumed its processing this year. PHIVIDEC also has several projects in the pipelines, and they have approved the University of Science and Technology of Southern Philippines (USTP) to put up a campus at Villanueva, Misamis Oriental, which will boost further the confidence of industries in our region,” she added.

The lady NEDA-10 director sees region 10 can recover following the re-opening of its economy (JAKA/PIA10).