There will be no power interruptions on the 27th of December. This according to a text message from our sources. But there are now talks that the power cut-off may happen on January 3, 2013.
The drama remains. There’s a light at the end of the tunnel but it’s a train coming towards our direction.
Official Media Release from APRI
AP Renewables Inc (APRI) issued a fifth disconnection notice in December 17
due to the repeated failure of Abreco to comply with the following
commitments : that payments be made in full and on time, that there no
delays in the agreed payment schedule and that Abreco will process their
WESM membership to allow them other options for their power supply.
Moreover, Abreco has yet to post the security deposit of 32 million that
was required in December 2011.
APRI operates the Tiwi-Makban geothermal power plants in Batangas, Laguna
and Albay. It supplies one hundred percent of the power needs of Abreco,
which serves the whole province of Abra
For all it’s worth here’s another story from Philstar. Quotes from GM Seares:
“But the timing is most cruel,” said Seares, adding that the cooperative has scrapped the bottom of its barrel to pay APRI.
“We again see the hand of Gov. (Eustaquio) Bersamin instigating this impending mess in our financial operations,” Seares said. “Since Abreco survived the demands of Aboitiz, (Gov. Bersamin) compelled NGCP to issue another threat.” Seares said that if the cooperative survives NGCP, the PSALM will be “used” to pressure him to step down.
Gov. Bersamin earlier denied any hand in the Abreco mess as he claimed he does not have any executive powers over a cooperative.
Seares, however, insisted that the governor wants to remove him from his post so that a political ally of the governor takes Seares’ place.
“But we are sorry to disappoint him,” Seares said, adding that only only the cooperative’s board of directors can legally replace officers. – Artemio A. Dumlao
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