Economic growth seen in Itogon
ITOGON, Benguet. April 23 (PIA)–The expected completion of the rehabilitation of Binga Dam by SN Aboitiz Power (SNAP) Benguet Inc. is soon to boost economic and tourism activities in this gold-rich municipality.
Mayor Oscar Camantiles said that the rehabilitation of Binga Hydro Electric Power will be finished by next year and expected to generate 120 megawatts power. This will give the municipality extra income from the taxes from SNAP.
Binga Dam has its own beauty to offer to tourists. We can introduce boating and kayaking in coordination with SNAP, Camantiles said.
Snap-Benguet had recently received its Certificate of Compliance for its Binga Hydroelectric Power Pla
nt (HEPP) Unit 4 turbine, which was refurbished and upgraded from 25 megawatts (MW) to 31.45 MW.
The certificate issued by the Energy Regulatory Commission (ERC) which is good for five years signifies compliance with requirements of energy laws, orders and regulations.
Meanwhile, the amended tax code of Itogon has boosted the tax collection for the first quarter of 2012. According to Camantiles, they were unsure if the amended tax code would be accepted by the residents as it means additional payment but he noted the willingness of taxpayers to pay their taxes if they see where their money go and there is improvement in the system of payment.
The mayor added that they are exploring possibilities of further improving the town’s tax collection system and other revenue sources.
(JDP/JBZ- PIA CAR)