Connect with us

Hi, what are you looking for?


Solons seek probe on privatization of Negros Occidental electric co-op  

OPPOSITION lawmakers have called for a probe on the pending privatization of an electric cooperative in Negros Occidental through a joint venture with Ignite Power and Energy Holdings, Inc. 

The House Makabayan coalition has filed a resolution aimed at investigating the deal between Central Negros Electric Cooperative, Inc. (CENECO) and Ignite Power. 

“The JVA (joint venture agreement) proposes 70% share holdings for Ignite Power and 30% for CENECO, an arrangement that will certainly result to a total loss of control by the CENECO board of directors… and of the consumer-owners,” the solons said in House Resolution No. 955. 

CENECO’s distribution area covers the cities of Bago, Talisay, Silay, and Bacolod, capital of Negros Occidental; and the towns of Murcia and Don Salvador Benedicto. 

“It is imperative for Congress to reverse the trend of corporate take-over of consumer-owned electric cooperatives to ensure the accessibility and affordability of electricity to the Filipino people,” they said. 

“In order to electrify far-flung barangays and geographically isolated and disadvantaged areas, the national government should give sufficient support and assistance to electric cooperatives,” the congressmen said. 

The authors of the resolution are Deputy Minority Leader and ACT Teachers’ Party-list Rep. France L. Castro, Assistant Minority Leader and Gabriela Rep. Arlene D. Brosas and Kabataan Party-list Rep. Raoul Danniel A. Manuel.  

NGCPMeanwhile, a senator has called on the Energy department and the National Grid Corporation of the Philippines (NGCP) to address recurring power shortage problems in the country. 

“Either the energy officials or the entire power system itself, is suffering from integrity problems,” Senator Ana Theresia “Risa” N. Hontiveros-Baraquel said in a statement. 

She called on the Department of Energy (DoE) and the NGCP to be transparent about the country’s power supply conditions. 

“Our consumers deserve to be informed and notified,” she said.   

The Luzon power grid was placed on red alert twice and yellow alert once on Monday. The supply instability affected the export of power to the Visayas grid, placing it under yellow alert. 

Energy Secretary Raphael P.M. Lotilla said that Congress has the power to hold the privately-owned NGCP accountable for power distribution in the country. — Beatriz Marie D. Cruz

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A woman buys food items at a supermarket in Quezon City, March 4, 2022. — PHILIPPINE STAR/ MICHAEL VARCAS By Keisha B. Ta-asan, Reporter...


BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) debt service bill more than doubled in March from a...


Philippine flags line the road in the City of Dasmariñas in Cavite, June 2, 2023. — PHILIPPINE STAR/EDD GUMBAN INVESTMENT APPROVALS by the Board...


Finance Secretary Benjamin E. Diokno holds a press briefing in Malacañang on May 30, 2023. — PHILIPPINE STAR/KRIZ JOHN ROSALES THE DEPARTMENT of Finance’s...


ACEN Corp. has secured approval from the government of New South Wales to increase the capacity of its battery energy storage system in Australia....


LOPEZ-LED Energy Development Corp. (EDC) is further expanding its geothermal power generation capacity in the Philippines with two prospects scheduled for drilling next year,...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.