BANGUED, Abra — The
Abra Electric Cooperative’s financial problems are hampering efforts to
rehabilitate power lines recently damaged by super-typhoon Lawin.
Loreto Seares Jr.,
Abreco general manager, said they needed help from National Electrification
Administration to comply with Dec. 3 deadline to restore power in all areas
battered by the typhoon.
ABRECO has financial
problems due to its “mismanaged past,” he said.
An estimated P60
million in losses was lost by Abreco after power lines were toppled throughout
Abra.
Local power cooperatives
around the country, especially those facing financial difficulties, including
Abreco are expecting much from NEA with
its new charter signed in 2013 by President Benigno Aquino III.
With its new charter,
NEA will have better supervision over electric cooperatives, some of which are
incurring heavy losses.
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