Successes and Failures are Parts of Trading. They are Not Permanent.

image host
Aboitiz Power Corporation
#21
AboitizPower to build P1-B hydro plant in Mt. Province

BONTOC, Mt. Province—Sabangan, a fifth-class municipality in Mountain Province, will host a billion-peso investment after Hedcor Inc. Benguet, a subsidiary of AboitizPower, signed the final memorandum of agreement (MOA) for the operation of a mini-hydro run-off river power plant.

Hedcor Inc. Benguet senior vice president Chris Faelnar said the company will be investing a minimum of P1 billion for the construction of a 12.3-megawatt river run-off mini- hydro power plant to be located in barangays Namatec and Napuac. This, he said after they were given the consent and the approval by the community, barangay, municipal and the provincial governments, giving the go signal for the start of the project.

The amount of investment, he said, will include the construction of a road leading to the plant and the electro mechanical works needed in the operation.

The roads, he said, will be the first to be done, which the community can also utilize as part of their access to their homes.

The P1-billion investment does not include funding for the corporate social responsibility (CSR) projects it will undertake for the community, which represents one percent of its income. Aboitiz Foundation, its CSR arm, will manage the fund for community projects in the form of education and scholarships, health programs and other projects.

Environmental protection projects which includes reforestation activities will also be undertaken.

Faelnar added that in the coming days, Hedcor will start the detailed engineering and hydrology tests which will determine the volume of water needed to operate the plant and guide them on the equipment to be installed. Simultaneous to this is the construction of the roads needed to bring equipment to the plant.

This will take a maximum of eight months followed by 18 months when the power plant will be construced.

Hedcor Sabangan, created for the purpose of the Mt. Province operation, will operate the plant.

The company will be registered as a local firm with principal office in the municipality, mandating them to pay the real property, business, income and other related taxes, benefitting the community more.

With the plant in Sabangan, the municipality is expected to receive a minimum of P7 million annually, while barangays Namatec and Napuac will get a minimum of P4 million annually.

The indigenous people of Sabangan will also get a minimum of P266,000 annually, with the provincial government receiving a minimum of P2.7 million annually as share from the national wealth tax coming from the operation of the mini-hydro plant.

Mayor Donato Danglose said the amount will help the municipality which at present is 96-percent dependent on the internal revenue allotment (IRA).

For 2011 Sabangan, which has a population of 9,998 has an annual budget of P30 million with P28 million coming from the IRA.

Under his administration, he said, their priority is to construct a farm-to-market road to allow the people to bring their agricultural produce to the market and increase their income.

Gov. Leonard Mayaen during the signing said they were able to convince Hedcor to pay their taxes locally, the reason the company created Hedcor Sabangan.

The MOA also contained provisions that the company will cause the improvement of roads, as well as to utilize and pay the people who will work for its construction.

The MOA also assured that the Hedcor satisfies and pays the residents whose lands will be utilized for the road right of way.

The entry of Hedcor to develop river run-off mini-hydro power plant in Sabangan, he said, will be of great financial gain to the locality.

Faelan also said the company is completing the feasibility studies in the different municipalities of the province including those of Talubin and Bayyo in the municipality of Bontoc, barangay Lias in Barlig, at the Chico River along the municipalities of Sadanga and Besao.

When completed, the Sabangan plant will be the first Hedcor-owned river run-off mini-hydro power plant outside Benguet and the 11th in the Cordillera.

From 25 years ago with a minimal 20,000 kilowatt hours, Hedcor, which is now the leading producer of renewable energy in the country under the brand Cleanergy, is producing 600 million kilowatt hours a year of clean energy.

With the new plants coming in, Hedcor Inc.’s targets of 2 billion kilowatt hours a year production by 2018 is expected to be realized.

http://www.businessmirror.com.ph/home/re...t-province
Reply
 photo TheDailyHINT01_zpsae8386eb.png
#22
0.2000 lang inakyat mo today... nagiipon ka pa siguro ng kuryente hehe... Big Grin
Reply
#23
[Image: ap-7-15-11.jpg]
ABOITIZ POWER CORP. (PSE:AP) - Potential Bearish Gartley

http://pseharmonics.wordpress.com/2011/0...kly-chart/
Reply
#24
Go AP! hehe still holding my core shares @ P18 hehe
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#25
pareng albert,

loyalist k p rin ng AP. congrts laki n ng kita mo dito. Wink
Reply
#26
uy pareng jomski, dito ka na pala hehe

kaw din loyalist ng SCC at DMC haha
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#27
walang pumapansin dito 32.30 na heheBig Grin
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#28
magkailaw na kaya? Big Grin
Reply
#29
uy nag P33 na.. mukhang dito na ako magddouble your money haha
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#30
(07-18-2011, 08:25 AM)aiu1225 Wrote: uy pareng jomski, dito ka na pala hehe

kaw din loyalist ng SCC at DMC haha

wla n akong SCC and DMC pareng aiu. nakay LC and LCB most of my funds. Smile

Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
image host