HEDCOR Inc., the renewable energy asset manager of Aboitiz Power Corp., has distributed P5,140,167.01 in royalty shares to indigenous peoples (IP) communities in Bukidnon for 2022-2023. The funds will support various community initiatives, including livelihood assistance, skills training, scholarships, and elder care programs.
HEDCOR Inc., the renewable energy asset manager of Aboitiz Power Corp., announced that it has turned over P5,140,167.01 in royalty shares to communities of indigenous peoples in Bukidnon for 2022-2023. These funds directly benefit the host communities of Hedcor’s Manolo Fortich 1 and Manolo Fortich 2 hydroelectric power plants, advancing inclusive growth and sustainable development .
“These funds will support initiatives identified by the IP communities themselves, including livelihood assistance, skills training to strengthen economic resilience, scholarships for Indigenous youth, and elder care programs,” read a statement issued by the company last Wednesday. “The projects will also help empower women entrepreneurs, preserve traditional practices, and advance environmental efforts such as reforestation.
Working together with Hedcor has developed our community, Cariaga said in her native tongue. The funds help preserve our culture, address our needs, and create opportunities for future generations, she added, “Through joint efforts, we achieve meaningful progress for Indigenous Peoples, safeguarding their heritage while promoting development,” NCIP Regional Legal Officer IV Dexter B. Precioso was quoted in the statement as saying.
Renewable Energy Indigenous Peoples Royalty Shares Sustainable Development Community Development
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