LINGAYEN, PANGASINAN—The 3 Barracuda Energy Corp., a registered renewable energy developer undertaking the development of a 550 MW solar plant in Bugallon town, is set to give a cash donation to the Provincial Government of Pangasinan (PGP) amounting to PhP10 million.
The donation, as stated in an approved provincial board resolution on January 29, is part of the corporate social responsibility of the energy developer in its desire to help the province uplift the socio-economic conditions of communities within its jurisdiction through the provision of financial assistance.
“Whereas, the 3 Barracuda Energy Corp. intends to transfer and convey unto the Province of Pangasinan the amount of P10,000,000.00 by way of donation,” the resolution authored by Sangguniang Panlalawigan (SP) Member Vici M. Ventanilla stated.
Furthermore, it was disclosed in the resolution that “the Province of Pangasinan, as the recipient of the aforecited donation, undertakes to utilize the financial assistance granted by the 3 Barracuda Energy Corp. solely and exclusively for official use, such as related to education, health, disaster response, and the like, and shall accrue to the General Fund of the Province.”
Hence, a Deed of Donation will be executed to be signed between the province, represented by Governor Ramon V. Guico III, and the 3 Barracuda Energy Corp. through its authorized representative.
“The amount donated can be used by the province to cater to and respond immediately to the various necessities of the people, especially in times of calamities and emergencies,” the resolution cited.
(Ruby R. Bernardino/PIMRO)