NEGROS Power Supply Aggregation Group (N-PSAG) composed of five electric cooperatives in Negros Island will be launched Friday.
The induction of the new set of officers of the newly formed group will also be held with Central Negros Electric Cooperative (Ceneco) President Engineer Edward Gasambelo as its new chairman.
The electric cooperatives that composes N-PSAG are Ceneco, Victorias-Manapla-Cadiz (VMC) Rural Electric Service Cooperative, Inc. (VRESCO), Negros Occidental Electric Cooperative, Inc. (NOCECO), Negros Oriental Electric Cooperative, Inc-I (Noreco-I) and Negros Oriental Electric Cooperative, Inc. II(Noreco-II).
The Presidents of these five electric cooperatives had signed a Memorandum of Agreement (MOA) on May 18, 2010 in Kabankalan City creating an aggregate group to urgently address the power shortage in the Negros Island.
As an aggregation group, its primary objective is to engage in projects and
activities to meet the growing demand for electric power by the consumers in the Negros Island through jointly planning, developing and implementing power supply contracts as mandated under Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA) of 2001.
Jun Lagarde, General Manager of Ceneco said on Thursday that with the privatization of the Generation Plants, it is N-PSAG objective to find dependable source of power with reasonable rates for all electric cooperatives in Negros Island and to collectively negotiate for power supply contracts to ensure better prices for its consumers.
The following are the other officers of N-PSAG: VRESCO President Armando Federico Valmayor, Vice Chairman; NORECP-I President Engineer Anito Mercado, Secretary; NOCECO President John Peter Millan, Treasurer; and Noreco-II President Lennie Joy Alviola, Auditor.