Advertisement

NEA wants co-ops to help one another

The National Electrification Administration supports an electric cooperative takeover for financially distressed ECs, instead of outright privatization.

NEA administrator Edgardo Masongsong encouraged all community-owned power distribution utilities to work together and pool their resources in aid of struggling co-ops.

“If possible, let us all be of help to one another, raise our own funds so that we can offer our services to electric cooperatives requiring investment management contract before anybody else,” the NEA chief said in a statement. 

Masongsong said ECs continued to face challenges in the rural electrification sector, including the need to address persistent complaints of inefficiency among underperforming ECs. 

The NEA chief expressed his desire for “well-off cooperatives” to help the government find more creative solutions to the lingering problems besetting the industry, including the constant threat of a private company taking over the franchise of an ailing EC. 

Topics: National Electrification Administration , Edgardo Masongsong , power distribution utilities
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Working Pillars of the House
Advertisement