(The Philippine Star) | Updated June 3, 2017 - 12:00am
MANILA, Philippines -
After cutting power service in Masbate, DMCI Power Corp. has restored
electricity supply as the provincial electric cooperative negotiates to settle
its P240-million overdue obligation.
In a statement, DMCI Masbate
Power Corp. (DMPC) said it has temporarily restored its power supply to Masbate
Electric Cooperative (Maselco).
Both parties are set to
start discussions on Maselco’s firm and acceptable commitment to settle its
overdue obligations to DMPC, as well as the upgrading of Maselco’s distribution
system to ensure reliability of the power supply to its customers.
The electric
cooperative has a P240-million financial obligation which is already 90 days
overdue, DPC president Nestor Dadivas said in a text message.
To resolve the
reconnection of power service, National Electrification Administration (NEA)
administrator Edgardo Masongsong said the state-run firm will immediately take
over Maselco’s management.
Meanwhile, DMPC has
been negotiating with its creditors and suppliers for cooperation and support
to ensure temporary supply of electricity to Maselco.
“We appreciate the assistance of (Masbate)
Gov. Antonio Kho, the Department of Energy, NEA and other local government
units, all of whom have assured us that the necessary reforms to resolve the
issues will be implemented,” it said.
Last Tuesday, the power
firm discontinued its service to Maselco due to the continued non-settlement of
the latter’s overdue obligation in the total amount of P240
million.
“Despite our repeated
requests for payment and demand letters, we have yet to receive any reasonable
and acceptable commitment from Maselco to promptly and fairly settle this
matter,” the Consunji firm said.
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