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| Power Sector Assets and Liabilities Management Corporation Vice President for Finance Manuel Marcos Villalon II conveys via zoom that the Lanao del Sur Electric Cooperative, Inc. needs to increase its collection and reduce its power loss. (Provincial Government of Lanao del Sur) |
MARAWI CITY, Lanao del Sur (PIA)--The Power Sector Assets and Liabilities Management Corporation (PSALM) has urged the Lanao del Sur Electric Cooperative, Inc. (LASURECO) to make its operation better to cope with its outstanding due on power purchases.
PSALM Vice President for Finance Manuel Marcos Villalon II stated that the electric cooperative must employ strategies to improve its collection efficiency and reduce its system loss as it was already billed roughly P13.1 billion as of June 30 of this year.
Among the suggested means to achieve the goal is the setting up of electricity meters in all residences, commercial structures, and other electricity-consuming properties for accurate and reliable billing systems.
Further, there must be joint cooperation with the local government units and the National Electrification Administration (NEA) for the intensive information and education campaign on the duties and obligations of member consumers which includes paying 100% of their power bills.
It was likewise encouraged to formulate a comprehensive collection program, techniques, and strategies that closely aim to collect its entire receivables.
Citing their recommendations, the PSALM nonetheless mentioned that they have been doing their part to at least help LASURECO get through their present crucial situation.
“LASURECO and PSALM are now negotiating for a contract for supply of electric energy (CSEE) and special payment agreement, and I hope soon, we can already finalize the agreement,” he said. (CRG/PIA-10/Lanao del Sur)
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