Business Highlights Therma South, Inc. Davao Light Hedcor Group Recognitions

AboitizPower subsidiaries among Davao’s top taxpayers

March 29, 2019

Davao City has named three AboitizPower subsidiaries as among its top taxpayers in 2018, highlighting their role in helping shape the growing metropolitan through their support.

During the recognition ceremony dubbed “Pasidungog: Garbo sa Dabaw 2019” on March 15, the city government cited Therma South, Inc. (TSI) and Davao Light and Power Co. as the top real property and top business taxpayers, respectively, for last year.

Hedcor, AboitizPower’s run-of-river hydropower arm, was also acknowledged as part of the city’s top 10 real property taxpayers.

In her opening speech, Davao City Mayor Sara Duterte-Carpio lauded the support of the city’s top taxpayers and emphasized how the city would not be what it is today without them.

“Like firewood that kindles the bonfire, our private partners have been our assets vital to shaping Davao City into the bustling, vibrant city it is today. We commend the top business and real property taxpayers and we want you to know that your taxes are being translated into programs and services for the Davaoeños, ” Duterte-Carpio said.

Pasidungog was among the many activities lined up during the 16-day celebration of the 82nd Araw ng Dabaw, which concluded on March 16.

This was not the first time AboitizPower subsidiaries were commended by the Davao city government as they have been consistently in the city’s roster of top taxpayers for many years already.

The latest recognition reinforces the AboitizPower group’s commitment to being a strong partner for development, aligned with its vision of advancing business and communities.

Davao Light, the country’s third largest electric distribution utility, holds franchise for distributing power to Davao City as well as Panabo City and the municipalities of Carmen, Dujali, and Sto. Tomas in Davao del Norte.

TSI operates AboitizPower’s 300-megawatt baseload power plant in Binugao, Davao City. Hedcor, on the other hand, manages several hydropower facilities in the city of Davao.