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Millions of proceeds from energy resources left idle in Albay

Jul 24, 2016 @ 13:51

The provincial government of Albay left idle some P71 million of its share from natural energy resources in the past five years, state auditors said.

In a 2015 report, the Commission on Audit (COA) said the provincial government failed to utilize its share of the national wealth from energy resources amounting to P71.63 million, thus depriving the constituents of the benefits from the fund.

According to the Local Government Code, at least 80 percent of the proceeds from the development and utilization of hydrothermal, geothermal and other sources of energy could be used to lower the cost of electricity in the local government unit where the source of energy is located.

The auditors said the provincial government has not used the proceeds for livelihood programs or projects to lower the cost of electricity in the past five years.

Only maintenance and other operating expenses such as traveling expenses, trainings and seminars, and other supplies and material worth P670,391.12 were charged to the proceeds, the auditors added.

“Our review of the subsidiary records of the Share from National Wealth from Energy Resources from 2011 to 2015 disclosed that the proceeds … has remained unutilized for its intended purpose during the said period,” the auditors said in their report.

The COA recommended to the provincial capitol led by its governor Joey Salceda to prepare plans and projects for the utilization of its share in the national wealth from energy resources.

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