Celso talks to NEA about IMC Print
Tuesday, 01 August 2017 17:18

Zamboanga First District Congressman Celso Lobregat has written officials of the Department of Energy (DOE) and the National Electrification Administration (NEA) to resolve a current stalemate on the Investment Management Contract (IMC) being considered to save the operation of the Zamboanga City Electric Cooperative (ZAMCELCO.)

In a meeting with NEA officials, Lobregat asked the latter to consider modifying the current Terms of Reference of the proposed IMC.

He also told NEA to consider allowing a negotiated contract for the IMC should bidding for the management contract fail.

In his letter to NEA Administrator Edgardo Masongsong, Lobregat said that the rehabilitation of ZAMCELCO will require a substantial capital which can be provided by two prospective bidders of the IMC.

The companies can also provide the managerial and technical expertise to fully pull out the electric cooperative from its current losing status.

Lobregat provided a backgrounder and explanation including statements of operation and statistical data for guidance.

“With the present 21.5% systems loss, it will be hard for ZAMCELCO to cope up with their services to the people without the IMC itself,”  Lobregat said.

The solon also wrote Department of Energy Secretary Alfonso Cusi to reiterate his recommendation to pursue the IMC.

The NEA has failed to solve ZAMCELCO’s operations after taking over the cooperative’s operations in the past.

In a meeting last weekend, Lobregat asked ZAMCELCO’s Special Bids and Awards Committee to fast track the implementation of the IMC as he presented his recent interventions before ZAMCELCO officials.  (Dexter Yap)