NEA assesses joint venture of 2 Negros Occidental power firms | Inquirer News

NEA assesses joint venture of 2 Negros Occidental power firms

/ 10:18 PM October 09, 2023

Negros Occidental map FILE PHOTO

MANILA, Philippines — The board of the National Electrification Administration (NEA) met last Oct. 4 to assess the joint venture agreement between two primary electric companies in Negros Occidental — Negros Electric and Power Corp. (NEPC) and the Central Negros Electric Cooperative Inc. (Ceneco).

The NEA board also tackled the issues raised by those opposing the deal.


“I hope we can address the concerns of the oppositors. We must also consider them,” NEA Administrator Antonio Almeda said in a statement issued on Monday.


READ: ERC partners with Iloilo City, MORE Power to promote renewable energy

READ: More Power granted 25-year distribution franchise in Iloilo City

“Regarding the participation of the Member-Consumer-Owners, it has been concluded during the plebiscite so we will put this into motion with all the required legal objectivity.”

The NEPC and Ceneco presented before the NEA board the implications of their agreement.

“This venture seeks to magnify the electric industry in Central Negros by not just streamlining the internal and external operations of concerned parties but also rehabilitating and modernizing the distribution system, which is deemed crucial in providing quality service to our consumers,” NEPC President Roel Castro said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Negros Electric and Power Corp., Negros Occidental power supply

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.