DoE remits P4.15B to LGUs for virus fight : vimarsana.com

DoE remits P4.15B to LGUs for virus fight


December 18, 2020 | 6:00 pm
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THE ENERGY department has so far remitted P4.15 billion from its Energy Regulations 1-94 (ER 1-94) program to help local government units (LGU) stem the spread of the coronavirus disease (COVID-19), the agency said in a statement on Friday.
Broken down, P1.05 billion went to the Development and Livelihood Fund, Electrification Fund, P2.07 billion went to the Reforestation Watershed Management Fund and P1.03 billion went to the Environment Enhancement Fund.
Under the ER 1-94 program, power generating companies are required to give one centavo for every kilowatt-hour of sales to their host communities to fund electrification, livelihood and development projects in the area.

Related Keywords

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