Hedcor, the renewable energy asset manager of AboitizPower, has distributed ₱5,140,167.01 in royalty shares to Indigenous Peoples (IP) communities in Bukidnon for the 2022-2023 period. This funding directly benefits the host communities of Hedcor’s Manolo Fortich 1 and 2 hydroelectric power plants, promoting inclusive growth and sustainable development.
The funds were allocated to five IP organizations: Santiago Tribal Community (SANTRICO), Inc.: ₱1,401,529.47; Impakibel, Apo Man Asilan Tribal Association: ₱1,401,529.47; Lumikapaw Ka Guihean Tribal Council of Elders: ₱935,578.60; Guilang-Guilang Apo Datu Nanikunan Association, Inc.: ₱935,578.60; and Buklod Kayantang Tribal Association, Inc.: ₱465,950.87.
These funds will support initiatives identified by the IP communities themselves, including livelihood assistance, skills training for economic resilience, scholarships for Indigenous youth, and elder care programs. The projects aim to empower women entrepreneurs, preserve traditional practices, and advance environmental efforts such as reforestation.
The turnover was implemented in close coordination with the National Commission on Indigenous Peoples (NCIP) Region 10 to ensure alignment with cultural preservation and ancestral domain protection.
Hedcor Vice President for Corporate Services Noreen Vicencio emphasized that this initiative reflects a commitment to meaningful partnerships with IP communities. By supporting their chosen initiatives in livelihood, education, and cultural heritage, Hedcor aims to create a lasting positive impact that strengthens these communities.
Through the distribution of these royalty shares, Hedcor continues to advance renewable energy while fostering community development and protecting cultural identities.
