The Joint Congressional Power Committee (JCPC) on Thursday approved two Department of Energy (DoE) circulars that will pave the way for the release of about P7 billion stranded funds to communities that host power plants.
DoE Secretary Alfonso Cusi expressed gratitude to the JCPC for the approval of Department Circular 2018-03-005 and DC 2018-080021.
“We would like to thank the JCPC for approving the proposed circulars that would really help deliver the money faster to the host communities, and the host communities will be able to make use of it,” said Cusi.
“There are something like P6 to P7 billion that has been stranded over time. This money should have been used much earlier. We hope now that with these circulars the host communities will be able to implement their projects,” he said.
DC 2018-03-005 prescribes the guidelines for recognizing the rights of indigenous cultural communities and indigenous peoples in their ancestral domains and access to financial benefits as host communities under the ER 1-94 program and Rule 29 (A) of the implementing rules and regulations (IRR) of Republic Act (RA) No. 9136 or the Electric Power Industry Reform Act of 2001.
DC 2018-080021 provides for the amendments to Rule 29 Part A of the IRR of RA 9136.