By Artemio A. Dumlao (abrenian.com)
Bangued, Abra (October 16, 2013) — The “health” of ailing Abra Electric Cooperative (Abreco), hounded by fiscal woes in the past, has shown considerable improvement.
After undergoing its rehabilitation plan since February, Abreco was able to reverse it financial deficit from an average net loss of 4.9 million monthly pre-rehabilitation status, general manager Loreto Seares Jr. said.
Now, the power cooperative has an average net income of 238,000.00 per month, “a remarkable difference of 4,711,704.97”.
Twice already, Abreco’s supplier cut off electricity in Abra after its alleged failure to pay its monthly dues in December last year and March this year.
The National Electrification Administration has also ordered Abreco to shape up or it will be constrained to take over the power distribution cooperative.
But jumping back to life, Abreco is continuously implementing management and administration policies to improve further the average net margin of the cooperative in order to realize much needed distribution infrastructure improvement and repair in the province.
Almost all 31 provinces in Abra, even in the hinterland barangays, are now energized.
The implementation of the rehab plan was so remarkable as it resulted to a complete turn-around financial situation for ABRECO in just a period of 6 months from the time it was implemented, beamed Seares Jr.
Abreco though is faced with legal problems after downsizing its workforce from 400 employees to 253 (147 permanent employees retrenched), Seares Jr. stood firm to their decision of complete implementation of the rehabilitation plan “as it’s the only way to save the cooperative.” The welfare of the more or less 40,000 consumers and the province as a whole is more important than the effect of the legal battle that resulted from manpower downsizing, he said. By downsizing, the cooperative cut cost by as much as 26 percent on its payment of its workers.
The rehabilitation plan was approved by the multi agency conference on February this year.
Government and private sector cooperation and support is still a factor to consider in order to maintain and improve further the cooperative, explained Seares Jr., while citing efforts by Abra rep. Ma. Jocelyn Bernos who is closely working and supporting Abreco in its desire to implement the much needed rural electrification program of the cooperative. “Our mandate of providing electricity to far-flung areas & unenergized sitios of the province as a response with the electrification program of the government will continue, Seares Jr. vowed.
The support of Pres. Benigno Aquino III, Energy sec. Carlos Petilla, PSALM, ABOITIZ, the NGCP, NEA and “inspired us to reach our goals as stated in the rehabilitation plan of the cooperative,” said Seares Jr.***Artemio A. Dumlao***