Bacolod mayor to support joint venture with Ceneco if it would bring 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.
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.
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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