NEA takes over Abra power firm over debts
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BAGUIO CITY --- The National Electrification Administration (NEA) has taken over the power utility serving Abra province, averting a power crisis that would have left 47,700 households in 27 towns in darkness on Monday. Abra Electric CooperativeNEA takes over Abra power firm over debts
BAGUIO CITY --- The National Electrification Administration (NEA) has taken over the power utility serving Abra province, averting a power crisis that would have left 47,700 households in 27 towns in darkness on Monday. Abra Electric Cooperative (Abreco) was suspended from buying power through the wholesale electricity spot market (WESM) on Jan. 31 due to unpaid fees amounting to P206.5 million, according to the Philippine Electric Market Corp. Abreco had resorted to buying electricity from WESM after its original power generator, Aboitiz Power Renewables Inc., terminated its 2004 contract over its P50 million arrears. Abreco consumers have been pay...Keep on reading: NEA takes over Abra power firm over debts Read more