Thursday, February 8, 2018

Akelco threatened by possible privatization



By Jun Aguirre- February 7, 2018

KALIBO, Aklan—The Aklan Electric Cooperative (Akelco) is being threatened by the possibility of privatization.
Roger Orillos, manager of the Institutional Development Department (IDD), said this is the reason the power cooperative kept on strengthening its operation in the province of Aklan.
“We are also strengthening the Member Consumers Electrification Committee organized by the electric-power cooperative. Soon, we will also organize the Barangay Member Consumers Electric Cooperative to further unify and strengthen the power cooperative,”
he said.
“We have been receiving reports there are at least two multinational companies who are interested to take over the power cooperative once there are opportunities for the power cooperative to be privatized,” he said.
For several years, Akelco has been receiving numerous awards from the National Electrification Administration as a Triple A awardee.
Last week newly installed administrator Edgar Masongsong visited the Akelco office here to personally guide the power-cooperative officials for their direction setting this year.

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