CO-OPERATING with a power cooperative in Bohol, Sevilla may now have enough to pay for additional benefits to its town-paid teachers, says information officer Walter Pondoc.
Sharing this information during the recent Association of United Development Information Officers (AUDIO) in Danao town last week, Pondoc revealed that it was the town leaders’ decision that placed them in a better position to earn revenues from the power generated by the power plant.
Sevilla is the only local government unit partnering with a private power cooperative to operate the power plant, he beamed as he added that the power plant has since generated P30M after its full operations.
Under the leadership of Mayor Ceferino Digal and Mice Mayor Carlito Fernandez, Sevilla has struggled to keep good use of its resources, one especially with the river which has been identified as a strong potential for hydro-power.
Putting up l5% capitalization while Bohol Electric Cooperative I puts up the remaining 85%, Sevilla is also entitled to the shares generated by the power plant, he explained.
The Sevilla Hydro Electric Plant located in Ewon Sevilla has also generated as much as P1.3M in real property taxes, enough source for the town to extend its honoraria for locally paid teachers.
He added that unlike other towns which host power plants, Sevilla does not just collect real property taxes for the property where the facility sits, it also invested a sizable amount for the power facility.
He said from the generated power revenues, the town now is in a better position to allocate for its priority projects, all because their leaders had seen the investment potential right before them. (rachiu/PIA)
