NEA assesses joint venture of 2 Negros Occidental power firms
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.
“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.