THE electric cooperative distributing power in most parts of Davao del Norte, including the popular tourist destination Samal and the growing capital city of Tagum, said there is no ongoing formal talks on a possible takeover of Aboitiz Power Corp.’s Davao utility of their franchise area despite a call from consumers.
However, the head of Northern Davao Electric Cooperative (Nordeco), Inc., formerly Davao del Norte Electric Cooperative or Daneco, says Davao Light and Power Corp. is open to the prospect.
“I believe and until now they (Davao Light) are still interested. Maraming pag-uusapan pa diyan (There are many issues to discuss) and until right now there is no transaction made yet,” Nordeco General Manager Mario Angelo Sotto told BusinessWorld in a phone interview.
A takeover of the cooperative would expand Davao Light’s franchise area, which currently covers Davao City and adjacent parts of Davao del Norte, including Panabo City, Carmen, Dujali, and Sto. Tomas.
Davao Light President and Chief Operation Officer Rodger S. Velasco did not categorically say they are interested in taking over Nordeco’s franchise, but said they are listening to the voice of the community.
“We will always listen to our customers, our stakeholders, and our partners so together, we can drive economic progress and provide a better life for our community,” he said in a text message. — Maya M. Padillo
