May 30, 2022
Beneficiaries of Lopez-owned and geothermal leader Energy Development Corporation (EDC) in Ormoc and Kananga, Leyte continue to reap the benefit of hosting its geothermal plants directly from the company amid the COVID-19 pandemic.
This benefit is in compliance with the Department of Energy’s (DOE) Circular No. DC2018-08-0021 that requires energy generation companies and/or energy resource developers to directly provide their Energy Regulations (ER) No. 1-94 benefits equivalent to one centavo per kilowatt-hour (P0.01/kWh) of the total electricity sales to their host communities. The amendment intends to accelerate their socio-economic development and have more efficient utilization of funds, which used to be released by the DOE.
First Gen-owned EDC recently held a ceremonial turnover of checks amounting to PhP12.4M with its host local government units (LGUs) Ormoc City and Municipality of Kananga in Leyte, home to the company’s 726.7-Megawatt Leyte Geothermal Project, the company’s biggest geothermal facility that also has the world’s largest geothermal steamfield.
The city government of Ormoc was represented by City Administrator Vince Emnas, Councilor Vincent Rama, City Treasurer Delia Vilbar, City Legal Counsel Atty. Josephine Romero, City Planning Officer Ruth M. Tan.
For the past two years, both LGUs used the funds that they received quarterly for the construction of quarantine/isolation facilities and other initiatives during the COVID-19 pandemic, such as the procurement of testing kits, PPEs, ambulances, stretchers, and other supplies. This year, they will still allocate a portion of the funds for their COVID-19 response and for some infrastructure projects in their respective areas.
“Our sincerest thanks to EDC for your continued support and great partnership with the LGU,” Municipality of Kananga Mayor Matt Torres expressed in his Facebook post.