Comval mayors want DANECO broken up into 2 with COMVALECO

Sept. 23-29, 2010

Compostela Valley mayors are reportedly interested to break up the Davao del Norte Electric Cooperative (Daneco) with the carved-out one to be named as Compostela Valley Electric Cooperative (Comvaleco).

A report said that the Comval mayors have already commissioned experts to do a feasibility study (FS) on separation of a new electric cooperative that would serve the jurisdiction of the 11-town Compostela Valley.

It said that Comval mayors are up against the continuing inefficiency, high systems losses, piling up debts and high power costs being experienced by Daneco since then in its various managements up to the present time.

Inquired by the Valley & City Chronicle about the latest report in text message, Laak Mayor Rey Navarro, president of the League of Mayors in Compostela Valley, has not yet replied until press time. (Rural Urban News/Cha Monforte)

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