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Published April 19, 2021, 5:00 AM
A power supplier of Bantayan Island Electric Cooperative Inc. (BANELCO) in Cebu has demanded payment of P116.5 million of outstanding obligations that the utility firm allegedly failed to settle under their supply deal.
The ‘notice of execution’ under a management services agreement was formally served by supplier-firm Bantayan Island Power Corporation (BIPCOR) to BANELCO, and had also urged the latter to pay the duly calculated arrears.
According to BIPCOR, “final demand on the outstanding accounts was made on BANELCO in October last year, but to date, BANELCO has not yet settled its obligations.”
The power firm explained that the MSA “is an option open to BIPCOR as a means of enforcing collection of overdue accounts when BANELCO is in default.”
Published December 16, 2020, 6:00 AM
Consumers being served by the Bantayan Island Electric Cooperative (BANELCO) could expect full electrification of the entire area by year 2022, based on the energization program being cast by the power utility.
As noted by BANELCO General Manager Lee Rivera, “our main objective is total electrification of every household in our franchise area consistent with the national government’s strategy.”
Photo credit: https://banelcobantayan.com/
The island is being touted as the ‘next major tourist destination’ in the country, and for this goal to flourish, it was noted that the provision of efficient and reliable energy services could be among the driving forces to it.