Business and Economy
AboitizPower donates P5.6-M electrical equipment to Marawi
MANILA — The Aboitiz Group has turned over a total of PHP5.6 million worth of electrical equipment in Marawi City as part of the rehabilitation efforts in the war-torn area.
In a statement Monday, AboitizPower Corp. said its subsidiary Davao Light Power Company, Inc. (DLPC) donated early this month electrical equipment to Lanao Del Sur Electric Cooperative (LASURECO) amounting to PHP1.9 million.
This is the second tranche of AboitizPower’s donation to help energize Marawi City. The first was last February, with a total of PHP3.7-million worth of transformers, electric poles, wirings, and supplies donated to Marawi.
“The Aboitiz Group is committed to always lending a helping hand to our fellow Filipinos who need prompt assistance. At the heart of the support we give and driven by the value of responsibility, we made sure that our programs were the kind of assistance that would make a significant impact on the lives of displaced Maranaos,” Aboitiz Equity Ventures Chief Operating Officer Sabin Aboitiz said.
“We are very honored to be one of those who have been there from the start, contributing what we can in the first steps of rehabilitating Marawi and helping Maranaos get back on their feet,” Aboitiz added.
Aside from handing over electrical equipment, Aboitiz Group launched an agri-micro-entrepreneurship program for corn farmers and donated baking and hollow block-making kits.