One with Iloilo Province in its battle against COVID-19 pandemic, Global Business Power Corporation (GBP) facilitated the immediate remittance of Php13.13 Million to the Provincial government through Governor Arthur Defensor Jr, to further boost and support their response to the public health emergency.
The amount represents the Energy Regulations 1-94 (ER 1-94) fund share of Iloilo Province from the electricity sales of GBP’s subsidiaries, Panay Energy Development Corporation and Panay Power Corporation. The Department of Energy issued Department Circular (DC) No. 2020-04-00080 to allow utilization of ER1-94 funds for COVID-19 response to help local government units in their fight against the pandemic, in accordance with the Bayanihan to Heal as One Act. Projects include access to protective personal equipment (PPEs) for frontliners, essentials and mass testing.
The ER 1-94 program stipulates that host communities are entitled to financial benefits of one-centavo for every kilowatt-hour ( P 0.01/kwh) of the total electricity sales of generating companies to finance electrification, livelihood and development projects.
In photo (from left to right) are Executive Assistant to the Governor Juanito Acanto, Admin Manager Nap Maggay, Governor Arthur Defensor Jr, Community Relations Officer Michael Guanco and Community Relations Associate Evone Pendon.
