LINGAYEN, Pangasinan - The provincial government here wants a multi-national power company to pay over P287 million in accumulated transfer taxes so that it will be able to utilize the funds to bankroll the implementation of high-impact projects beneficial to the interest of the people living in the different parts of the province. The provincial board authorized the provincial legal office to facilitate the collection of the transfer taxes from Tokyo Energy and Marubeni (TEAM) Energy Corporation, the new operator of the Sual coal-fired power plant, one of the major power suppliers in Northern Luzon.
Based on the mandated given by the provincial board to the legal office, the transfer taxes are due to the provincial government since the former operator of the Sual coal-fired power plant, Mirant Energy corporation, sold the power plant to its new operators several years ago. Once the accumulated transfer taxes will be collected, the provincial government will be able to bankroll numerous high impact development projects to be implemented in the six districts of Pangasinan to cater to the poverty alleviation needs of the people as well as the need for better infrastructure, especially in remote places in the 44 towns and four cities.
