CROWN DESCO, the joint venture of Crown Investments Holdings, Inc. and Desco Co., is now preparing to take over the financially-troubled Zamboanga City Electric Cooperative, Inc. (Zamcelco) starting Jan. 1. 2019. Crown Investments President Jomar Castillo, in a dialogue with the city council last week, said, “We are doing audit and assessment and conducting financial and technical system check.” Crown Desco, which won the bidding for the Zamcelco Investment Management Contract in Sept., is pouring in P2.5. billion to lower systems loss, settle obligations, and improve operations efficiency. Zamcelco has more than P2 billion in debts to its power suppliers. — Albert F. Arcilla

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