MANILA - The Energy Development Corporation (EDC) on Tuesday said it is investing P10 million to rehabilitate its adopted wetland in Boracay island.
EDC said it adopted a 7.79-hectare wetland that had been turned into a construction dump over the years.
"EDC is developing Wetland No. 2 into the Boracay Wetland Conservation Park (BWCP) to serve as an arboretum for threatened native tree species under the BINHI reforestation and greening initiative," EDC said in a statement.
The firm said its wetland rehab effort was being done in partnership with the Department of Environment and Natural Resources (DENR) and is meant to bring EDC's flagship environmental program BINHI to Boracay.
BINHI is EDC's forest restoration program that prioritizes the propagation of 96 identified rare and threatened native tree species.
“Under our memorandum of agreement with the DENR, the BWCP is a three-year project,” said Atty. Allan V. Barcena, EDC Corporate Social Responsibility Head.
EDC is the largest diversified renewable energy firm in the country and is part of the Lopez group of companies. ABS-CBN is also part of the Lopez Group.
news.abs-cbn.com is the general news website of ABS-CBN Corp.