Zamcelco asked to pay P467-m debt

Power supplier Western Mindanao Power Corp., a unit of Alsons Power Group, asked Zamboanga City Electric Cooperative Inc. to honor and pay its P467-million debt.

WMPC reacted to the claims of Crowninvestment Holdings Inc. and Desco Inc. that it overbilled its customers amounting to P441 million.

WMPC vice president for business development Joseph Nocos said Zamboanga City’s power supply problem was caused by the refusal of Crown Investment and Desco Inc., the new management of Zamcelco, to honor their contractual obligations.

Nocos said Zamcelco’s unpaid accounts to WMPC ballooned to P467 million covering the period October 2018 to February 2019. 

“As of this time, no payment had been made to WMPC and plant operations are still on hold. This has led to serious power outages in Zamboanga City,” he said.

He said the non-payment prevented WMPC from procuring the fuel needed to run its power plant which provided the voltage support needed by Zamboanga City.

Topics: Western Mindanao Power Corp. , Alsons Power Group , Zamboanga City Electric Cooperative Inc. , Zamcelco
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