spot_img
28.1 C
Philippines
Friday, March 29, 2024

Palawan co-op bucks takeover bid of More

- Advertisement -

Palawan Electric Co. is strongly opposing plans of MORE Reedbank  Corp. to take over its distribution franchise, saying the move will not immediately solve the power supply situation in the island of Palawan, one of the country’s prime tourist destinations.

“We believe that it (takeover) is not justified. Paleco has been doing its best to improve its services particularly its reliability indices,” said Paleco chairman Jeffrey Tan-Endriga.

Paleco said it made several concrete actions that resulted in positive developments in service to consumers.

“As a matter of fact, if we compare the (SAIDI) System Average Interruption Duration Index and SAIFI (System Average Interruption Frequency Index) between the time when President Duterte precautioned the privatization of power distribution services in Palawan and what we have now, interruption frequency and duration experienced by our customers have significantly reduced by at least 50 percent,” the official said. 

- Advertisement -

LATEST NEWS

Popular Articles