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Home Business and Livelihood

HEDCOR earmarks P17M for CSR projects

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July 24, 2021
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La Trinidad, Benguet– HEDCOR, Inc., Aboitiz Power’s cleanergy unit, earmarked some P17 million for its various corporate social responsibility (CSR) projects in its host communities to help in allowing the said areas to recover from the serious negative impact of the ongoing Coronavirus Disease 2019 (COVID-19) pandemic.

Last year, the company opted to re-allocate its funds to immediately provide COVID-19 related needs of its host communities such as the provision of personal protective equipment (PPE) and relief goods to those affected by the implementation of series of lockdowns.

For this year, HEDCOR will resume the implementation of CSR projects that were previously put on hold to help in efforts to recover by helping in the gradual and safe recovery of the local economy.

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“The CSR project lineup of this year prioritizes those related to education, enterprise development, environment, and other projects. In this ongoing pandemic, community recovery can be best fueled through the aforementioned fields,” Rene Villarente, HEDCRO’s external relations manager, stressed.

In line with the aforesaid goal, HEDCOR assured to support new learning methodologies such as the reproduction of modules for its host schools aside from looking into equipping barangay health centers with medical equipment and the construction of local isolation facilities.

Further, the company will also be carrying out skills trainings and the provision of starter kits to its partner cooperatives.

In Luzon, HEDCOR awarded financial assistance to some 13 senior high school students from the different schools in Benguet and Mountain Province.

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On the other hand, in Mindanao, HEDCOR awarded financial assistance for 22 of its senior high school scholars from Sta. Cruz, Davao del Sur to ensure continued support for the qualified scholars of its host communities.

At present, HEDCOR is supporting some 59 senior high school students from Benguet, Mountain Province, Bukidnon and Davao through financial assistance.

Moreover, the company turned over a total of P430,000 annually to support its scholars as they complete their high school education.

HEDCOR is a wholly owned subsidiary of Aboitiz Power and it specializes in generating renewable energy from run-of-river high power systems. The company manages and operates some 22 hydro power plants located in Ilocos Sur, Mountain Province, Benguet, Davao and Bukidnon. The said plants continue to supply the country with 278 megawatts of clean and renewable energy.

With 42 years of experience, HEDCOR is one of the leading run-of-river hydro power operations in the country.

The company continues to extend the appropriate support to the overall growth and development of its host and neighboring communities as the same serves as its partners in the production of clean and renewable energy that is being infused to the Luzon and Mindanao grids to help in ensuring the availability of sufficient power that will guarantee the possible revival of the economy that was heavily i8mpacted by the ongoing health crisis. By HENT

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