Thursday, February 20, 2014

Power firm saved from bankruptcy doing well

Manila Standard Today
By Dexter A. See | Feb. 20, 2014 at 12:01am

LA TRINIDAD, Benguet—The University of the Philippines–National Engineering Center recently cited the Benguet Electric Cooperative for recovering from being sold to stay in business.

Professor Rowaldo de Mundo, of the Competency Training and Certification Program in Electric Power Distribution System Engineering, a joint venture of the UP Diliman and the National Electrification Administration, said the cooperative pioneered automation to serve more than 130,000 consumers while keeping its rates affordable.
“BENECO was nearly bankrupt and was about to be taken over by giant power companies but the dedicated efforts of NEA and its management paved the way for a brighter future which is now being enjoyed by consumers,” he said.
Del Mundo also commended BENECO for assisting the Albay Electric Cooperative to regain operational efficiency and achieve 100 percent collection of fees. .
BENECO donated 17,000 electric meters to ALECO to help ensure production amid a conflict between management and local leaders on how to run the cooperative.
During the Batch 23 Training on EPIRA (Electric Power Industry Structure, Electricity Market and Regulation), Del Mundo and his team oriented cooperative officers on  medium-term Power Supply Planning; Capital Expenditures (CAPEX) Planning on rate-setting in the distribution sector; and  Operational Expenditures (OPEX) Planning under an automation program that includes systems loss management to keep rates competitive and affordable to consumers.
Del Mundo said BNENECO managed to maintain since a 2009 single digit systems loss below the 14 percent allowable level under EPIRA versus the higher figures of Dagupan Electric Cooperative, Tarlac Electric Corporation and the Manila Electric Company.
Gerardo Verzosa, BENECO general manager, thanked UP-NEC for the citation, saying the cooperative will continue to deliver reliable and affordable electricity to consumers. Dexter A. See   source

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