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| Tanganon Geothermal Plant at Tanganon Field, Ormoc City, Leyte Island, Philippines by Cepi Budi Mansyur. GRC PHOTO CONTEST 2010 |
Energy Development Corporation (EDC) has committed to set aside one centavo per kilowatt-hour (P0.01/kWh) of its total electricity sales to its host communities.
A memorandum of agreement (MOA) was signed recently between EDC and its beneficiaries in compliance with the Department of Energy’s (DOE) Circular DC2018-08-0021 that requires energy generation companies and energy resource developers to directly provide their Energy Regulation (ER) 1-94 benefits.
Signatories to the memorandum included: barangay captains Eric Gonzaga of Lim-ao, Kananga, Leyte; Angelito Napoles of Tongonan, Kananga; Wilma Taneo of Tongonan, Ormoc City; Hilario Singson of Milagro, Ormoc City; Richard Impas of Lake Danao, Ormoc City; and Rodelito Cantay of Cabintan, Ormoc City.
These barangays are hosts of EDC’s 711-megawatt (MW) Leyte Geothermal Project, the company’s biggest geothermal facility that also possesses the world’s largest geothermal steamfield.
“Being able to directly disburse our partner communities’ benefits as hosts of our geothermal facilities will also help us strengthen our relationship with them as we provide them with the necessary guidance on the use of the funds for community projects” said Atty. Allan V. Barcena, head of EDC’s corporate social responsibility (CSR) and public relations group.
