Power coop applies for P242M rehab subsidy-A A +A
Thursday, March 6, 2014
THE Iloilo Electric Cooperative Inc. (ILECO III) has applied for a Yolanda Recovery and Rehabilitation Program subsidy from the Energy Regulatory Commission (ERC).
The subsidy amounting P242,166,731 will be spent for the repair and full rehab works to energize the franchised towns covered by the cooperative.
General Manager Antonio Lazarraga assured that the whole project cost will be financed through a government subsidy and will not increase the energy rates for its 62,000 consumers in 13 municipalities in northern Iloilo.
The towns covered are Ajuy, Anilao, Balasan, Banate, Barotac Viejo, Batad, Carles, Concepcion, Estancia, Lemery, San Dionisio, San Rafael and Sara, which suffered great devastation including total blackout for several weeks brought by Yolanda last November 8, 2013.
ILECO III said that almost 95 percent of the distribution lines were knocked down and the transmission lines were destroyed by strong winds. (Lydia C. Pendon)