Aboitiz Renewables Earns Top Taxpayer Recognition in Manolo Fortich
Aboitiz Renewables, Inc., the renewable energy division of Aboitiz Power Corporation, has been honored as one of the top taxpayers for 2025 by the Municipality of Manolo Fortich in Bukidnon. This recognition was presented during the town's 109th Charter Day celebration, highlighting the company's significant and consistent tax contributions that bolster local government operations and community development initiatives.
Ceremony and Key Figures
The plaque of recognition was awarded to Noreen Vicencio, First Vice President and General Manager for Hydro Operations at Aboitiz Renewables, and John Michael Rico, Assistant Vice President for Stakeholder Relations and Permitting. The presentation was made by Bukidnon Vice Governor Clive Quiño, Manolo Fortich Mayor Rogelio Quiño, and members of the municipal council, underscoring the collaborative relationship between the company and local authorities.
Impact of Tax Contributions
The tax payments from Aboitiz Renewables play a crucial role in funding essential public services and local priorities in Manolo Fortich. These contributions support infrastructure projects, healthcare facilities, educational programs, and other community needs identified by the local government unit. By consistently meeting its tax obligations, the company helps drive the municipality's broader growth and development, reinforcing its commitment to the region beyond mere energy generation.
Company Statement and Community Role
In response to the recognition, Noreen Vicencio expressed honor and emphasized the shared relationship built with the local government and community over the years. She stated, "This recognition reflects the shared relationship we have built with the local government and the community over the years. For us, it is a reminder that beyond renewable energy generation, we have a role in supporting the growth and priorities of the communities that host our operations." This sentiment highlights Aboitiz Renewables' dedication to being an active contributor to the socio-economic well-being of its host areas.
Beyond Energy: Community Programs and ER 1-94
In addition to its tax contributions, Aboitiz Renewables implements various community programs in Bukidnon through corporate social responsibility initiatives and compliance with Energy Regulation No. 1-94 (ER 1-94). This regulation mandates benefits for host local government units, communities, and residents near energy facilities. Under ER 1-94, funds are allocated to:
- Electrification Fund
- Development and Livelihood Fund
- Reforestation, Watershed Management, Health, and Environment Enhancement Fund
These funds finance practical projects that enhance local infrastructure, environmental sustainability, and quality of life, further solidifying the company's role as a partner in community development.
Operations in Bukidnon
Aboitiz Renewables operates key hydropower facilities in Bukidnon, including the Manolo Fortich 1 and Manolo Fortich 2 hydro plants. These facilities are integral to the company's renewable energy portfolio in the province, contributing to clean power generation while fostering economic and social benefits for the local population. The recognition as a top taxpayer underscores the positive impact of these operations on the region's fiscal health and overall progress.
