Capitol demands P171-M
Provincial treasurer Danilo Mendez of Negros Oriental has sent a collection letter to the Energy Development Corporation geothermal plant on the payment of the long overdue real property tax account worth P171,643,453.58.
In the letter addressed to EDC president Richard Tantoco, the province warned that it will be forced “to institute obligatory proceedings” if the country’s biggest producer of geothermal energy fails to settle its obligation.
But the EDC said it will bring the issue before the Bureau of Local Government Finance for arbitration, even as the corporation promised to settle P31 million as partial and provisional payment of the real property tax while the issue is still unresolved.
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