SNAP remits P61M in taxes to Benguet

SN Aboitiz Power-Benguet Inc. has remitted P61.2 million in real property taxes to the provincial government of Benguet, as part of its operation of the 105-megawatt Ambuklao hydroelectric power plant (HEPP).

In a statement, Benguet Gov. Nestor B. Fongwan lauded SNAP-Benguet “for setting a good example in paying the real property tax of Ambuklao in advance so that the local governments benefit early from the re-operation of Ambuklao.”

Fongwan added that SNAP had been a good taxpayer in Benguet, contributing to the development of its communities.

Emmanuel V. Rubio, chief executive officer of SNAP-Benguet, added that since Ambuklao’s re-operation six months ago, its contribution to the province has already been “significant.”

Rubio turned over on Thursday the ceremonial check representing the P61-million payment to Fongwan in a ceremony held at the Provincial Capitol.