💰 Energy Sectors Third World Litmus Test in Albay
Published by OOPSONLINE.IN · Source: The Manila Times · 1 min read · · Updated
What actually happened
THE topic of privatization of electric cooperatives has been growing in volume over the past year, particularly in the last couple of months. Davao Light and Power Co. has been in the process of absorbing the failing Northern Davao Electric Cooperative (Nordeco) since last year. Elsewhere in Mindanao, a fight has broken out over the effective privatization of the South Cotabato Electric Cooperative 2 (Socoteco 2), involving distribution giant Meralco, an upstart distribution utility (DU) backed by uber-oligarch Enrique Razon and opposing political factions within the co-op. Meralco is also inv
Key points
- THE topic of privatization of electric cooperatives has been growing in volume over the past year, particularly in the last couple of months.
- Davao Light and Power Co.
- has been in the process of absorbing the failing Northern Davao Electric Cooperative (Nordeco) since last year.
- Elsewhere in Mindanao, a fight has broken out over the effective privatization of the South Cotabato Electric Cooperative 2 (Socoteco 2), involving distribution giant Meralco, an upstart distribution utility (DU) backed by uber-oligarch Enrique Razon and opposing political factions within the co-op.
Summary based on data provided by The Manila Times. Full article available at the original publisher.
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