Published December 3, 2018, 5:17 PM By Tara Yap
ILOILO CITY – The Razon-owned firm
looking to secure a franchise to distribute power in Iloilo City on Monday
reiterated its capability to serve city residents.
“We are here so we can do better service than
what is existing,” said Roel Z. Castro, president and chief executive officer
of MORE Electric and Power Corp. (MORE Power).
“Consumers have been clamoring for
this. Give us a chance to prove that we will be able to do it,” Castro told the
Manila Bulletin in an interview.
Last week, MORE Power presented its
programs to the Iloilo City Council and the Senate approved its franchise
application during the final reading.
While its entry is seen to put an
end to the 95-year reign of Panay Electric Co. (PECO), some local government
officials and residents have questioned MORE Power, which is formerly a mining
company.
“The company is made out of people who have
enough expertise in the power industry,” Castro said.
One of MORE Power’s officers is
Amado Guevarra, who has been credited for fixing the
Pampanga Electric Cooperative II (PELCO-II).
Pampanga Electric Cooperative II (PELCO-II).
In terms of facilities, MORE Power
is seeking to purchase the existing facilities of PECO, whose franchise will
expire in January 2019.
But PECO vowed not to sell its
assets while taking its fight to the Supreme Court after its application for
franchise renewal was stalled at the Lower House.
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