Maasim Mayor Zyrex Pacquiao (3rd) and Vice Mayor Tessie Nambatac (2nd) flash the “Maasenso Maasim!” sign after receiving more than Php16 million from Sarangani Energy Corporation, reflecting the municipal local government’s two percent special tax share of the power plant’s gross income in the third quarter of 2023.
MAASIM, SARANGANI (December 4, 2023) – Mayor Zyrex Pacquiao of Maasim, Sarangani lauded the significant contribution of Alsons Power’s Sarangani Energy Corporation in fueling economic progress and empowering communities in the municipality.
This year, Sarangani Energy remitted over Php61.4 million in local income tax contributions to the Local Government of Maasim, making it one of the top business taxpayers of the town. This tax contribution can be allocated to various priority programs and initiatives of the local government.
“… (especially in the post-COVID), Sarangani Energy has been a big boost to the revenue collections of LGU-Maasim, allowing our local government to provide improved services and better development projects,” Mayor Pacquiao said. During the town’s 54th founding anniversary celebration and 16th Kestebeng Festival, Mayor Pacquiao and Vice Mayor Visitacion Nambatac along with members of the Sangguniang Bayan presented a plaque of recognition to Sarangani Energy, acknowledging the power generation firm’s exemplary tax compliance and commitment to responsible tax payment.
Located in the Kamanga Agro-Industrial Economic Zone in Maasim, the 210-megawatt Sarangani Energy Baseload Power Plant is the single largest power investment in the Province of Sarangani and the entire Region 12 at US$570 million. It is currently providing power to more than four million residents in the provinces of Sarangani, South Cotabato, Cotabato, Compostela Valley, Misamis Oriental, Davao del Sur, Zamboanga del Norte, Zamboanga del Sur Agusan del Norte, and Agusan del Sur; as well as in the cities of General Santos, Iligan, Bayugan, Butuan, Samal, Tagum, Cagayan de Oro, Dapitan, Digos, Dipolog, Koronadal, Kidapawan, and Pagadian.
Following the provisions of Section 24 of Republic Act No. 7916, as amended, Sarangani Energy, located within an ecozone, is required to pay a special income tax of five percent on its gross income. Out of this amount, three percent is allocated to the national government, while the remaining two percent is remitted to the Treasurer’s Office of its host municipality.
“At Alsons, we are steadfast in our commitment to contributing to nation-building and stimulating economic growth in the regions we serve. We will continue to ‘power with care’ by supporting our host LGUs in fostering a conducive business climate, enhancing the quality of life for the community, and nurturing our environment,” Jose Luis R. Angco, Alsons Power Group’s Vice President and Business Manager for Plant Operations, shared.
Alsons Power Group, the power generation arm of the Alcantara Group, is a key player in the energy market in Mindanao, operating four power facilities with a total combined capacity of 468 megawatts. As part of its strategic initiative to broaden and diversify its portfolio, the company is now venturing into renewable energy. This includes the development of a 14.5-MW hydroelectric plant in Maasim, Sarangani, and a 37.8-MW hybrid hydro and solar project in Zamboanga del Norte. Furthermore, this year also marked Alsons Power’s foray into the Visayas energy market with two significant projects: a 95.5-MW baseload backup power plant project in Ubay, Bohol and a 42-MW run-of-river hydropower project in Negros Occidental.