Connect with us

Hi, what are you looking for?

Economy

DENR lauds FDC Misamis’ carbon sink program

The Department of Environment and Natural Resources-Environmental Management Bureau -Region 10 (DENR-EMB 10) lauded FDC Misamis Power Corporation (FDC Misamis) for its steadfast efforts in maintaining its carbon sink management program (CSMP) in the province of Misamis Oriental.

In 2018, FDC Misamis inked a Memorandum of Agreement (MOA) for a Carbon Sink Project with DENR-EMB-10 and Barangay Sambulawan in El Salvador City, the power firm’s first major carbon sink project, establishing a man-made forest and help sequester carbon emission to maintain the air quality in the province.

FDC Misamis was touted to be “a show window of a successful carbon sink for coal-fired power plants in the Region,” according to a letter from the DENR EMB-10 after its most recent site inspection in January 2021.

The agency applauded the power firm for the suitability of its CSMP area, management and supervision scheme of existing forested areas, and planted species’ highly adaptive characteristics. The 80-hectare land is now home to indigenous trees such as An-an, Tipolo, Maribojoc, Bangkal, Acacia, Alim (Alum), Magtangali, Rattan, and Kalikoy, among many. Meanwhile, the additional 40 hectares were populated with Mangium and Bagras species.

The agency’s comments humbled FDC Misamis’ management.

“It is encouraging to know that the DENR-EMB 10 sees our efforts, which is more than for compliance purposes. This project, along with many other social development programs, is our way of giving back to Mindanao and is consistent with the Filinvest’s trust in making a difference in the lives of Filipinos,” says FDC Misamis President and CEO Juan Eugenio L. Roxas.

“The disruptions brought by the coronavirus pandemic in 2020 may have given the planet a halt, temporarily improving air quality worldwide. But as we move forward in this post-covid era, environmental stewardship must be at the forefront to truly mitigate greenhouse gas emissions,” Roxas added.

FDC Misamis is a subsidiary of FDC Utilities, Inc., the Gotianun-led Filinvest Development Corporation’s utilities and power arm. It operates a 3×135-MW circulating fluidized bed coal thermal plant in Villanueva town, one of Northern Mindanao’s biggest. Since its commercial operations in 2016, the facility has been supplying stable and cost-effective power. The company plays a vital role in ensuring the stability of the Mindanao grid throughout the pandemic.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

A cabinet split is hampering the government’s efforts to deal with the nationwide shortage of lorry drivers that threatens fuel supplies at some petrol...

Investing

Pubgoers are flocking back to their locals, according to figures that drew a cautious toast from the industry but also prompted warnings of fresh...

Investing

Ministers are backing a multibillion-pound plan to build another large-scale nuclear power plant in Britain to ease pressure on electricity supplies as the country...

Economy

The Philippines’ balance of payment position (BoP) hit $1.044 billion in August, the highest in four months, due to increased special drawing rights (SDR)...

Economy

Consumers were less pessimistic in the third quarter as more jobs opened up, but business sentiment turned sour amid a fresh surge in coronavirus...

Economy

The Philippine central bank fully awarded the short-term securities it sold at an auction on Friday, even as rates rose on growing inflation fears....

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!