New power plant will pay right taxes – – Arcinue

November 30, 2015 at 12:57 am Leave a comment

By Mortz C. Ortigoza
SUAL –The mayor here  said  the investor for the 600-900 megawatt (MW) coal-fired power plant will not be shortchange this town in taxes, unlike the other power plant company the town hosts.
Mayor Roberto Arcinue said the Team Energy which operates the 1,218 MW power plant, deprived the public coffer here  by P331 million in  real property tax (RPT) after it paid P69 million only.
(Team Energy vice president for community affairs Greggy Romualdez said it was the national government and not the Team Energy, that pays the RPT to the Sual local government, as was specified in the contract).
Arcinue said Trans-Asia Oil and Energy Development Corp. (TAOEDC) president and chief executive officer Francisco Viray promised him that after the 600- 900 MW power plant starts operation it will religiously pay the RPT of this mountain nestled rustic town.
“I told him in case they do otherwise I will not sign the construction permit of their company. But he (Viray) told me there was no problem for that because they will follow the contract,” he said.
Arcinue said for a hypothetical P1 million RPT , P500, 000 of which would be divided by the town school board which will get P250, 000, and the school board of Pangasinan which would get P250,000. The other P500,000, he said  will be divided among the barangay which would get 25%, the town (35%) and the province (40%).
The mayor said TAOEDC will give employment and other benefits that will redound to some kind of economic development here.
As goodwill after the signing of the Memorandum of Agreement last November 22 at the town hall here, TAOEDC will give a grant of P110-million for priority projects here like education, health, environment and agriculture and a P10-million for the host barangay.

Viray said the other step after the MOA signing is the conduct of a feasibility study even as they are now undertaking an environmental impact assessment that would lead to the issuance of an environmental compliance certificate.
Arcinue is optimistic that more big-time investors would invest here after it was declared by law as special economic zone
Former Mayor John Arcinue, the son of the incumbent hizzoner, told this paper in 2013 that since 2011, his administration was already running after Sual Power plant  for the more than a hundred of millions of pesos business taxes SPS, the largest coal power plant in the Philippines, failed to pay the coffer.
The former mayor even compared the business taxes of Sual power plant and and that of Quezon Power Plant (QPP) in Mauban, Quezon Province. Both  pay taxes to local government units (LGU) that host them.
Arcinue said records given by their municipal treasurer showed that in 2013 Mauban,  which generates only 460 MW, paid to the LGU P95,106,000 while the Sual plant, a 1,218 MW, paid just a little more than P34-million to the treasurer’s office here.
He said the treasurer here wondered why the Sual plant was paying smaller taxes.
“There is a whale of difference,” Mayor Roberto Arcinue cited.

Entry filed under: News.

MAGANES: Grace Poe unfazed by Duterte’s entry in the presidential race Residency and citizenship are different – Poe

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Welcome to Northern Watch Online.You are visitor no.

  • 975,343 since Feb. 10, 2009

Events Watch

sugod agri-expo Photobucket

Last Week’s Cartoon


Previous issues

Day Watch

November 2015
Regional blogs & blog posts
Regional blogs
Media blogs
Opinion blogs
Community blogs

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,470 other followers

%d bloggers like this: