Act now, Celso tells Zamcelco PDF Print E-mail
Monday, 22 June 2015 13:18


To prevent Zamcelco from incurring further financial losses that would exacerbate the power crisis in the city, District I Representative Celso Lorenzo Lobregat yesterday prodded the electric cooperative to act with a sense of urgency by actively seeking out solutions to the problem and not stopping until it is accomplished.

Based on its report, Zamcelco is losing P15.4M per month or roughly P184M per year due to the 20% monthly system’s loss. The problem is aggravated by the coop’s inability to purchase power resulting to a power deficit of 24MW.

Lobregat said no matter how key power agencies such as the Department of Energy, Energy Regulatory Commission, National Electrification Administration and other agencies, through the facilitation of his office and by the local government, guide and help provide solutions to Zamcelco, it is still the cooperative that can ultimately solve the problem.

He explained that no less than DOE Secretary Jericho Petilla, in a top level meeting in Manila last May 15 followed by a power forum in the city last May 22, laid down possible solutions to the Zamboanga power problem and called on all agencies involved in energy including Zamcelco to implement it as soon as possible. “Mucho maga solucion ya discuti inclujido ya el power denomination, pero masquin pakilaya kita dale recomendacion, no matter how we guide and help provide solutions to Zamcelco, it is still Zamcelco that can provide the answers.”

“Zamcelco has to act with a sense of urgency, it has to be right now. With the system’s loss, Zamcelco has to go over all these binding and non-binding contracts. Actively seek it out and not stop until it is accomplished. Zamcelco has to stop this hemmorhage and make the cooperative viable,” Lobregat urged.

If yearly the system’s loss will not be reduced, Zamcelco will always be operating at a loss and ultimately incur more debts, according to Lobregat. Based on Zamcelco’s balance sheet, the cooperative has a debt of P876M payable to PSALM, NEA and other power suppliers.

The congressman also expressed support to the idea of having an investment management contract (IMC) to assist Zamcelco in managing its affairs, as suggested by City Council members, with the best practices of the Pampanga Electric Cooperative as its benchmark.

Lobregat attended and participated in the 40th annual membership assembly of Zamcelco member-consumers held at the City coliseum in Tetuan yesterday along with Mayor Maria Isabelle Climaco-Salazar, Vice Mayor Cesar Iturralde and members of the City Council. — Jubels Santos