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SN Aboitiz pays P80-m property tax to Benguet

By Alena Mae S. Flores | Posted on Dec. 29, 2012 at 12:01am
SN Aboitiz Power Corp.-Benguet Inc., a joint venture between SN Power of Norway and Aboitiz Power Corp., turned over more than P80 million in property tax to two towns of Benguet province for operating the Ambuklao and Binga hydropower plants.
SNAP Benguet president and chief executive Emmanuel Rubio handed over the checks worth P22.21 million to local officials of Itogon town and P61.35 million to executives of Bokod town.
“SNAP has always been and will always be committed to creating shared value in its host communities. We hope the taxes we are paying today contributes to the development of our host communities and the people of Benguet as we all strive to make a difference in their lives,” Rubio said.
Bokod Mayor Mauricio Macay, Itogon Vice Mayor Noel Ngolob and councilors of the two towns witnessed the turn-over of the checks at the Palispis Hall in La Trinidad, Benguet on Dec. 20
SNAP Benguet assistant vice president for legal and compliance Dixie Dugan and tax and regulatory compliance manager Edward de Leon also attended the ceremony.
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