AP Extecom | August 12, 2017
Therma Visayas, Inc. (TVI), a joint venture of AboitizPower and Vivant Corp., paid a total of P1.377 billion in import duties in 2016 and got named Cebu’s top importer of the year.
The Bureau of Customs (BOC) Port of Cebu honored TVI, along with other importers and exporters, when it celebrated its 131st founding anniversary on July 28. BOC Cebu gave recognition to 10 top importers, 10 top exporters and 10 top exporters located at Philippine Export Zone Authority-accredited economic zones.
TVI is building a 2 x 150-megawatt thermal power plant in Toledo City. The first unit of TVI is expected to enter commercial operations in 2018 to provide reliable, ample and competitively priced power for Cebu and the rest of the Visayas.
Lawyer Elvira Cruz, Cebu district collector, thanked importers and exporters for helping BOC Cebu surpass its target in 2016.
The Port of Cebu and its sub-ports in Mactan and Dumaguete posted a total collection of P18.3 billion in 2016, way above its P17.2-billion target.
Lawyer Edward James Dy-Buco, deputy commissioner for the BOC’s assessment and operations coordinating group, said that the collection of duties and taxes provide much-needed funds for President Duterte’s “Build, Build, Build Program.” In his speech during the fellowship and awards night, Dy-Buco said that 30% of the funds for the program will come from the BOC.
Sebastian Lacson, COO of the AboitizPower coal business unit, said that AboitizPower and its partners welcome opportunities to contribute to the country’s economic growth. “We are committed to building and operating power plants that support the country’s progress and to help provide a better future for Filipinos, especially in areas where our plants are located,” he said.
Aside from paying import duties, TVI provides job opportunities to residents in Toledo and nearby towns. It provides health and educational assistance to its host communities through its corporate social responsibility projects. It has also started its carbon sink management and forest enhancement programs in Toledo and nearby areas.