Consumer group questions Zamcelco’s investment management deal

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A CONSUMER group has filed a case before the National Electrification Administration (NEA) against board members of the Zamboanga City Electric Cooperative (Zamcelco) for what it called an anomalous bidding of the power distributor’s investment management contract (IMC). The complaint filed on Sept. 25 by Marissa E. Aizon, National Association of Electricity Consumers for Reforms-Zamboanga City Chapter president, names as respondents Zamcelco board members Omar A. Sahi, Michael C. de La Cerna, Ernesto R. Perez, Gammar A. Hassan, Oscar R. Tiu, and Caiser T. Balama. The complaint accuses the officials of “gross misconduct, gross incompetence in the performance of their official duties, conduct prejudicial to the interest of the electric cooperative and member-consumers and, willful violation non-compliance with NEA issuances, memoranda and rules and regulations.” The IMC was awarded last month to the joint venture of Crown investments Holdings, Inc. and Desco, Inc. NEA, which created a task force that took over the operations of debt-saddled Zamcelco to pave the way for the IMC process, has expressed support for the awarded contract. — Carmelito Q. Francisco

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