Bacolod mayor to support joint venture with Ceneco if it would bring down power rates | Inquirer News

Bacolod mayor to support joint venture with Ceneco if it would bring down power rates

/ 11:29 AM March 01, 2023

Bacolod Mayor Alfredo Abelardo Benitez will not oppose a joint venture proposal with Central Negros Electric Cooperative (CENECO) if it brings down power rates.

FILE PHOTO: Bacolod City Mayor Alfredo Abelardo “Albee” Benitez | Photo courtesy of Albee Benitez’s Facebook page

BACOLOD CITY — Bacolod Mayor Alfredo Abelardo Benitez will not oppose a joint venture proposal with Central Negros Electric Cooperative (CENECO) if it brings down power rates.

“If the joint venture proponents lower the price of electricity, ensure 24/7 supply of electricity, and convert to renewable power, they will have my support,” the mayor said on Tuesday, Feb. 28.

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MORE Electric and Power Corporation and Manila Electric Co. (Meralco) have submitted an unsolicited proposal for a joint venture undertaking with CENECO, said Arnel Lapore, its acting general manager.

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CENECO sent the proposal to the National Electrification Administration for comment and guidance last week.

“The proposal is to help CENECO in its financials and operations,” Lapore said.

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TAGS: Bacolod, Ceneco, Energy, power, power rates

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