LTIPO expresses its continued support for Hedcor's 4.5-MW Bineng 3 Hydroelectric Power Plant during the signing of the Free and Prior Informed Consent - Memorandum of Agreement, recognizing the company's contribution to sustainable development within its ancestral domains.Hedcor, AboitizPower's renewable energy asset manager, has operated the plant for more than 25 years as part of its portfolio of run-of-river hydro and solar power assets.
With the Indigenous Peoples (IP) communities' consent, the company will continue to manage Bineng 3 and contribute to the community's development for another 25 years.The National Commission on Indigenous Peoples (NCIP) has played a crucial role in facilitating the process, as outlined in the 2012 Guidelines on Free and Prior Informed Consent. Moreover, the NCIP will guide the IP communities in formulating Community Royalty Development Plans and will monitor Hedcor's commitments, ensuring the growth and sustainability of ancestral domains while improving the lives of Indigenous Peoples
Indigenous Peoples Hydroelectric Power Plant Sustainable Development Free And Prior Informed Consent Community Royalty Development
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